Wilmington Savings Fund Society FSB Acquires New Position in Dover Co. (NYSE:DOV)

Wilmington Savings Fund Society FSB purchased a new position in shares of Dover Co. (NYSE:DOV - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,736 shares of the industrial products company's stock, valued at approximately $525,000.

Several other institutional investors also recently bought and sold shares of the business. World Investment Advisors LLC grew its position in shares of Dover by 4.2% in the third quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company's stock valued at $626,000 after purchasing an additional 131 shares during the period. Sanctuary Advisors LLC boosted its holdings in Dover by 11.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,675 shares of the industrial products company's stock worth $4,028,000 after buying an additional 2,051 shares during the last quarter. Anchor Investment Management LLC increased its stake in Dover by 4.1% during the 3rd quarter. Anchor Investment Management LLC now owns 3,241 shares of the industrial products company's stock worth $621,000 after buying an additional 128 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Dover by 85.1% during the third quarter. Virtu Financial LLC now owns 14,373 shares of the industrial products company's stock valued at $2,756,000 after acquiring an additional 6,608 shares during the last quarter. Finally, Advisory Resource Group lifted its position in shares of Dover by 2.3% in the third quarter. Advisory Resource Group now owns 24,721 shares of the industrial products company's stock valued at $4,740,000 after acquiring an additional 557 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Trading Down 1.6 %

NYSE:DOV traded down $3.21 on Tuesday, reaching $196.54. The company's stock had a trading volume of 885,145 shares, compared to its average volume of 936,310. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.70 and a beta of 1.22. Dover Co. has a 12-month low of $143.96 and a 12-month high of $208.26. The stock has a 50 day moving average price of $197.57 and a 200 day moving average price of $187.60. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.05%. Dover's dividend payout ratio is currently 18.43%.

Wall Street Analyst Weigh In

DOV has been the subject of several recent research reports. StockNews.com downgraded Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. The Goldman Sachs Group increased their target price on shares of Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Mizuho boosted their price target on shares of Dover from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Wolfe Research upgraded shares of Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price objective for the company in a report on Monday, October 28th. Finally, Wells Fargo & Company boosted their target price on Dover from $190.00 to $197.00 and gave the stock an "equal weight" rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $213.91.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.