Tidal Investments LLC Grows Stock Holdings in Dover Co. (NYSE:DOV)

Tidal Investments LLC increased its stake in Dover Co. (NYSE:DOV) by 10.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,917 shares of the industrial products company’s stock after buying an additional 1,063 shares during the quarter. Tidal Investments LLC’s holdings in Dover were worth $2,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOV. State Street Corp grew its stake in shares of Dover by 0.9% in the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after acquiring an additional 56,149 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after purchasing an additional 25,993 shares in the last quarter. FMR LLC grew its position in Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Dover by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock worth $271,702,000 after buying an additional 60,912 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Dover by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after buying an additional 17,193 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the subject of several analyst reports. Oppenheimer reissued an “outperform” rating and set a $215.00 price target (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th. UBS Group began coverage on Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective on the stock. Barclays boosted their target price on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group raised their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.91.

Dover Stock Performance

Shares of NYSE DOV opened at $199.65 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover Co. has a 12-month low of $143.96 and a 12-month high of $208.26. The firm has a market capitalization of $27.39 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.70 and a beta of 1.22. The firm has a 50 day moving average of $197.57 and a 200 day moving average of $187.60.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.03%. Dover’s dividend payout ratio (DPR) is 18.43%.

Dover 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.