Advisory Resource Group Purchases 557 Shares of Dover Co. (NYSE:DOV)

Advisory Resource Group lifted its holdings in shares of Dover Co. (NYSE:DOV) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,721 shares of the industrial products company’s stock after acquiring an additional 557 shares during the quarter. Advisory Resource Group’s holdings in Dover were worth $4,740,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DOV. Wedmont Private Capital raised its holdings in shares of Dover by 22.0% in the 2nd quarter. Wedmont Private Capital now owns 2,170 shares of the industrial products company’s stock worth $400,000 after purchasing an additional 392 shares during the period. ORG Partners LLC increased its holdings in shares of Dover by 1,414.2% in the second quarter. ORG Partners LLC now owns 4,255 shares of the industrial products company’s stock worth $754,000 after purchasing an additional 3,974 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in Dover during the second quarter valued at $361,000. Clear Harbor Asset Management LLC increased its stake in Dover by 0.7% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 36,008 shares of the industrial products company’s stock worth $6,498,000 after acquiring an additional 258 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Dover by 33.2% in the 2nd quarter. Blue Trust Inc. now owns 2,044 shares of the industrial products company’s stock valued at $362,000 after acquiring an additional 509 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Performance

DOV opened at $201.31 on Wednesday. Dover Co. has a 12-month low of $143.52 and a 12-month high of $208.26. The company has a market cap of $27.62 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.71 and a beta of 1.22. 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 company’s 50 day moving average is $196.63 and its 200 day moving average is $187.08.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s dividend payout ratio is presently 18.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DOV. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Mizuho lifted their price target on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Barclays raised their price objective on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Wells Fargo & Company increased their price objective on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research note on Monday, September 30th. Finally, Oppenheimer restated an “outperform” rating and set a $215.00 price target (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and an average target price of $213.00.

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.