Cerity Partners LLC Purchases 9,660 Shares of Dover Corporation (NYSE:DOV)

Cerity Partners LLC lifted its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 18.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,473 shares of the industrial products company's stock after purchasing an additional 9,660 shares during the quarter. Cerity Partners LLC's holdings in Dover were worth $11,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DOV. North Capital Inc. bought a new position in shares of Dover during the first quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after acquiring an additional 87 shares in the last quarter. Orion Capital Management LLC bought a new stake in Dover during the 4th quarter worth approximately $43,000. Ameriflex Group Inc. bought a new position in Dover in the 4th quarter valued at $69,000. Finally, Quarry LP boosted its stake in Dover by 257.0% in the fourth quarter. Quarry LP now owns 407 shares of the industrial products company's stock worth $76,000 after purchasing an additional 293 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research reports. Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Citigroup reaffirmed a "buy" rating and set a $226.00 price objective (up previously from $202.00) on shares of Dover in a report on Monday. Barclays lifted their target price on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $176.00 price objective on shares of Dover in a report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Dover has a consensus rating of "Moderate Buy" and a consensus price target of $208.58.

Dover Stock Performance

DOV stock traded down $1.89 during trading hours on Tuesday, reaching $187.01. The stock had a trading volume of 970,755 shares, compared to its average volume of 957,786. The stock has a market capitalization of $25.64 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The stock has a 50-day simple moving average of $180.78 and a 200 day simple moving average of $183.07. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.56.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.06. The business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. Dover had a return on equity of 19.54% and a net margin of 28.85%. Dover's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.95 earnings per share. Analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, May 30th. Dover's dividend payout ratio (DPR) is presently 12.41%.

Dover 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.