GAMMA Investing LLC Has $294,000 Stock Position in Dover Co. (NYSE:DOV)

GAMMA Investing LLC grew its stake in Dover Co. (NYSE:DOV) by 29.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,567 shares of the industrial products company’s stock after acquiring an additional 358 shares during the period. GAMMA Investing LLC’s holdings in Dover were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its holdings in Dover by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 27,327 shares of the industrial products company’s stock worth $4,931,000 after buying an additional 802 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Dover by 40.6% in the second quarter. Larson Financial Group LLC now owns 450 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 130 shares during the last quarter. TD Asset Management Inc increased its position in Dover by 1.8% in the second quarter. TD Asset Management Inc now owns 48,864 shares of the industrial products company’s stock worth $8,818,000 after purchasing an additional 869 shares during the period. National Bank of Canada FI raised its holdings in Dover by 27.7% during the 2nd quarter. National Bank of Canada FI now owns 46,197 shares of the industrial products company’s stock worth $8,175,000 after purchasing an additional 10,024 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in Dover by 21.1% during the 2nd quarter. Private Advisor Group LLC now owns 8,815 shares of the industrial products company’s stock valued at $1,591,000 after purchasing an additional 1,536 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Down 0.1 %

Dover stock opened at $187.86 on Tuesday. Dover Co. has a twelve month low of $143.96 and a twelve month high of $208.26. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $197.13 and a 200-day moving average of $188.52. The stock has a market capitalization of $25.77 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, November 29th. Dover’s dividend payout ratio is 18.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DOV shares. Mizuho boosted their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Oppenheimer reissued an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group assumed coverage on Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $213.91.

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.