Toronto Dominion Bank Buys 909 Shares of Dover Co. (NYSE:DOV)

Toronto Dominion Bank increased its stake in shares of Dover Co. (NYSE:DOV) by 1.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 68,058 shares of the industrial products company’s stock after purchasing an additional 909 shares during the period. Toronto Dominion Bank’s holdings in Dover were worth $13,049,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. McClarren Financial Advisors Inc. increased its holdings in shares of Dover by 4,400.0% in the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 176 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Dover in the 3rd quarter valued at about $33,000. Fairscale Capital LLC bought a new stake in shares of Dover during the 2nd quarter valued at about $34,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Dover during the second quarter worth about $41,000. Finally, Avior Wealth Management LLC increased its position in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the subject of a number of research reports. UBS Group began coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target for the company. The Goldman Sachs Group increased their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Monday, October 28th. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Mizuho upped their target price on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus target price of $213.91.

Dover Stock Performance

NYSE:DOV opened at $201.13 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. Dover Co. has a fifty-two week low of $143.96 and a fifty-two week high of $208.26. The business has a 50 day moving average price of $197.33 and a 200-day moving average price of $187.40. The firm has a market cap of $27.59 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.70 and a beta of 1.22.

Dover Announces Dividend

The company 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 $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 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.