UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Dover Co. (NYSE:DOV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dover Co. (NYSE:DOV) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 984,743 shares of the industrial products company’s stock after acquiring an additional 17,193 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dover were worth $188,815,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in Dover in the 1st quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Dover during the third quarter worth $33,000. McClarren Financial Advisors Inc. raised its position in shares of Dover by 4,400.0% in the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after buying an additional 176 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Dover in the second quarter worth about $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Dover during the second quarter worth about $41,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Down 0.3 %

Shares of DOV opened at $205.90 on Friday. The company’s 50-day moving average price is $195.11 and its 200 day moving average price is $186.20. Dover Co. has a 12-month low of $139.93 and a 12-month high of $208.26. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market cap of $28.25 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 2.77 and a beta of 1.22.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s dividend payout ratio (DPR) is 18.43%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho increased their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a report on Monday, October 28th. Oppenheimer reissued an “outperform” rating and set a $215.00 price objective (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Barclays boosted their price target on shares of Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.40.

Insider Buying and Selling

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,156,700. This represents a 54.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.