111 Capital Sells 2,292 Shares of Dover Corporation $DOV

Key Points

• 111 Capital reduced its stake in Dover Corporation by 34.2%, selling 2,292 shares and now holds 4,409 shares valued at approximately $808,000.
• A number of analysts have provided positive outlooks for Dover, with target price increases from firms like Mizuho and Citi, reflecting a consensus rating of "Moderate Buy" and an average target price of $213.67.
• Dover recently announced a quarterly dividend of $0.52, maintaining a low payout ratio of 12.55%, which indicates the company's commitment to returning capital to shareholders.

111 Capital trimmed its holdings in shares of Dover Corporation (NYSE:DOV - Free Report) by 34.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,409 shares of the industrial products company's stock after selling 2,292 shares during the quarter. 111 Capital's holdings in Dover were worth $808,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of DOV. Brighton Jones LLC increased its stake in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after purchasing an additional 1,128 shares in the last quarter. Merit Financial Group LLC increased its stake in Dover by 3.6% during the 1st quarter. Merit Financial Group LLC now owns 3,290 shares of the industrial products company's stock worth $578,000 after purchasing an additional 114 shares in the last quarter. First Affirmative Financial Network increased its stake in Dover by 4.8% during the 1st quarter. First Affirmative Financial Network now owns 1,834 shares of the industrial products company's stock worth $322,000 after purchasing an additional 84 shares in the last quarter. Reliant Investment Management LLC bought a new stake in Dover during the 1st quarter worth approximately $282,000. Finally, Park Avenue Securities LLC increased its stake in Dover by 7.0% during the 1st quarter. Park Avenue Securities LLC now owns 8,762 shares of the industrial products company's stock worth $1,539,000 after purchasing an additional 570 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DOV shares. Mizuho increased their target price on Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Dover in a research report on Saturday, September 27th. Barclays reduced their price target on Dover from $193.00 to $190.00 and set an "equal weight" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Citigroup reaffirmed a "buy" rating and set a $226.00 price target (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Dover has a consensus rating of "Moderate Buy" and an average target price of $213.67.

Dover Trading Down 0.1%

NYSE DOV opened at $166.54 on Friday. The company has a market cap of $22.84 billion, a PE ratio of 10.04, a PEG ratio of 1.33 and a beta of 1.26. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The stock has a 50 day moving average of $175.46 and a 200-day moving average of $176.46.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.39 by $0.05. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%.The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. On average, equities research analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. This is a boost from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is currently 12.55%.

Dover Company 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.

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