World Investment Advisors LLC Boosts Holdings in Dover Co. (NYSE:DOV)

World Investment Advisors LLC increased its position in Dover Co. (NYSE:DOV) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,267 shares of the industrial products company’s stock after purchasing an additional 131 shares during the quarter. World Investment Advisors LLC’s holdings in Dover were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP bought a new stake in shares of Dover in the 3rd quarter worth about $1,920,000. Brendel Financial Advisors LLC lifted its stake in Dover by 347.7% during the third quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock worth $4,366,000 after purchasing an additional 17,685 shares during the last quarter. Empowered Funds LLC boosted its holdings in Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after purchasing an additional 4,629 shares during the period. National Pension Service increased its stake in Dover by 3.0% during the third quarter. National Pension Service now owns 216,010 shares of the industrial products company’s stock valued at $41,418,000 after purchasing an additional 6,241 shares during the last quarter. Finally, Custom Index Systems LLC lifted its position in shares of Dover by 91.0% in the 3rd quarter. Custom Index Systems LLC now owns 7,791 shares of the industrial products company’s stock worth $1,494,000 after buying an additional 3,713 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Price Performance

NYSE DOV opened at $199.65 on Tuesday. The firm has a market capitalization of $27.39 billion, a PE ratio of 17.86, a P/E/G ratio of 2.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a 12 month low of $143.96 and a 12 month high of $208.26. The company’s 50 day simple moving average is $197.57 and its 200 day simple moving average is $187.60.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.03%. Dover’s dividend payout ratio is currently 18.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. raised their price target on Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Citigroup upped their price objective on Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Oppenheimer reiterated an “outperform” rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.