XTX Topco Ltd Invests $2.74 Million in Dover Corporation $DOV

XTX Topco Ltd acquired a new position in shares of Dover Corporation (NYSE:DOV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,954 shares of the industrial products company’s stock, valued at approximately $2,740,000.

Other hedge funds have also bought and sold shares of the company. Legacy Financial Advisors Inc. boosted its position in Dover by 1.4% during the first quarter. Legacy Financial Advisors Inc. now owns 4,134 shares of the industrial products company’s stock valued at $726,000 after acquiring an additional 57 shares during the last quarter. Summit Financial LLC lifted its stake in shares of Dover by 0.9% in the 1st quarter. Summit Financial LLC now owns 6,599 shares of the industrial products company’s stock valued at $1,159,000 after purchasing an additional 60 shares during the period. Harbour Investments Inc. boosted its position in shares of Dover by 51.7% during the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its stake in Dover by 0.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 6,911 shares of the industrial products company’s stock worth $1,266,000 after purchasing an additional 60 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in Dover by 4.9% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,282 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Up 0.1%

DOV stock opened at $186.28 on Thursday. The stock has a market cap of $25.55 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.40 and a beta of 1.29. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $173.81 and its two-hundred day simple moving average is $178.34. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31.

Dover (NYSE:DOV) last released its earnings results on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. The company had revenue of $1.78 billion for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%. Analysts expect that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, November 28th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. Dover’s dividend payout ratio (DPR) is presently 12.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DOV shares. Barclays raised their price objective on shares of Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Oppenheimer increased their target price on shares of Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Royal Bank Of Canada lifted their price target on shares of Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Wells Fargo & Company increased their price objective on shares of Dover from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Finally, Morgan Stanley raised their target price on Dover from $185.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.27.

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.