Dover Co. (NYSE:DOV) Stock Holdings Increased by MML Investors Services LLC

MML Investors Services LLC raised its holdings in shares of Dover Co. (NYSE:DOV) by 4.4% during the 3rd quarter, Holdings Channel reports. The fund owned 16,753 shares of the industrial products company’s stock after purchasing an additional 708 shares during the period. MML Investors Services LLC’s holdings in Dover were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of DOV. McClarren Financial Advisors Inc. increased its position in shares of Dover by 4,400.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 176 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the 3rd quarter valued at $33,000. Fairscale Capital LLC acquired a new position in shares of Dover during the 2nd quarter valued at $34,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Dover in the 2nd quarter worth $41,000. Finally, Avior Wealth Management LLC grew its holdings in shares of Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 167 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOV has been the topic of a number of recent research reports. Mizuho lifted their target price on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. UBS Group initiated coverage on Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Barclays lifted their target price on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Oppenheimer restated an “outperform” rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.91.

Dover Stock Performance

Shares of DOV stock opened at $201.01 on Friday. The company has a market capitalization of $27.58 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.70 and a beta of 1.22. Dover Co. has a 1-year low of $143.96 and a 1-year 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 stock’s fifty day simple moving average is $197.33 and its 200-day simple moving average is $187.43.

Dover Announces Dividend

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

About Dover

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.