Dover Co. (NYSE:DOV) Stock Holdings Raised by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in shares of Dover Co. (NYSE:DOV) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 241,784 shares of the industrial products company’s stock after buying an additional 6,808 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Dover were worth $46,360,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Independent Advisor Alliance grew its position in shares of Dover by 0.3% in the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after acquiring an additional 58 shares in the last quarter. Main Street Financial Solutions LLC lifted its stake in Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 60 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in Dover by 1.6% in the second quarter. Valmark Advisers Inc. now owns 3,962 shares of the industrial products company’s stock worth $715,000 after purchasing an additional 63 shares during the period. Empower Advisory Group LLC increased its stake in Dover by 3.7% during the third quarter. Empower Advisory Group LLC now owns 2,030 shares of the industrial products company’s stock valued at $389,000 after purchasing an additional 73 shares during the last quarter. Finally, First Commonwealth Financial Corp PA raised its holdings in shares of Dover by 2.2% during the third quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after purchasing an additional 73 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

Shares of DOV opened at $201.74 on Tuesday. The firm has a market capitalization of $27.68 billion, a PE ratio of 18.04, a P/E/G ratio of 2.71 and a beta of 1.22. 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 firm has a 50-day moving average price of $196.41 and a 200 day moving average price of $186.96. Dover Co. has a 52-week low of $143.52 and a 52-week high of $208.26.

Dover Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group started coverage on shares of Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective on the stock. 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. Mizuho upped their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. 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, StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.