5 Dividend Stocks to Buy According to Bruce Kovner’s Caxton Associates LP

3. Dover Corporation (NYSE:DOV)

Caxton Associates’ Stake Value: $1,807,000

Dover Corporation (NYSE:DOV) is an American corporation that specializes in industrial products and delivers innovative equipment to a wide range of markets. In July, Mizuho reiterated its Buy rating on the stock as advanced customer ordering behavior normalize after the pandemic.

Dover Corporation (NYSE:DOV) holds one of the strongest dividend growth track records in the market. 2022 marked the company’s 67th consecutive year of dividend growth. The company pays a quarterly dividend of $0.505 per share and has a yield of 1.56%, as of September 2.

Dover Corporation (NYSE:DOV) was one of the latest acquisitions of Caxton Associates, as the hedge fund opened its position with 14,897 shares in Q2. The fund’s total stake in the company stood at over $1.8 million, representing 0.17% of its 13F portfolio.

Adage Capital Management owned stakes worth over $100 million in Dover Corporation (NYSE:DOV), becoming the company’s leading stakeholder in Q2. Overall, 30 hedge funds tracked by Insider Monkey owned stakes in the company in Q2, compared with 27 in the previous quarter. The collective value of these stakes is over $420.3 million.