Atria Investments Inc Decreases Holdings in Dover Corporation $DOV

Key Points

• Atria Investments Inc reduced its holdings in Dover Corporation by 13.5%, owning 9,677 shares post-sale, valued at $1,773,000 as of the last SEC filing.
• Dover Corporation recently posted a quarterly earnings report showing $1.55 earnings per share and a net margin of 28.37%, with total revenue of $1.78 billion.
• The company also increased its quarterly dividend to $0.52 per share, resulting in an annualized yield of 1.2% and reflecting a payout ratio of 12.79%.

Atria Investments Inc lessened its stake in Dover Corporation (NYSE:DOV - Free Report) by 13.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,677 shares of the industrial products company's stock after selling 1,505 shares during the period. Atria Investments Inc's holdings in Dover were worth $1,773,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DOV. Assetmark Inc. boosted its holdings in shares of Dover by 11.1% in the 2nd quarter. Assetmark Inc. now owns 62,363 shares of the industrial products company's stock valued at $11,427,000 after buying an additional 6,225 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Dover by 10.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 2,518 shares of the industrial products company's stock worth $461,000 after purchasing an additional 237 shares in the last quarter. World Investment Advisors boosted its stake in Dover by 5.1% in the 2nd quarter. World Investment Advisors now owns 3,514 shares of the industrial products company's stock worth $644,000 after purchasing an additional 172 shares in the last quarter. New York Life Investment Management LLC boosted its stake in Dover by 1.2% in the 2nd quarter. New York Life Investment Management LLC now owns 20,456 shares of the industrial products company's stock worth $3,748,000 after purchasing an additional 235 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Dover by 10.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,162 shares of the industrial products company's stock worth $5,893,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Performance

Shares of DOV opened at $178.18 on Wednesday. The company's fifty day moving average is $172.09 and its two-hundred day moving average is $177.04. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The stock has a market capitalization of $24.44 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. The business had revenue of $1.78 billion for the quarter. On average, sell-side analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.52 per share. This is an increase from Dover's previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. Dover's payout ratio is 12.79%.

Analyst Ratings Changes

DOV has been the subject of a number of recent research reports. Wall Street Zen raised shares of Dover from a "hold" rating to a "buy" rating in a research report on Saturday, October 25th. Robert W. Baird set a $235.00 price target on shares of Dover in a report on Friday, October 24th. Oppenheimer decreased their price objective on Dover from $225.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday, October 20th. UBS Group set a $200.00 target price on shares of Dover in a report on Friday, October 24th. Finally, Morgan Stanley upped their price objective on shares of Dover from $185.00 to $195.00 and gave the company an "equal weight" rating in a report on Tuesday, October 28th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.55.

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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