Chilton Capital Management LLC Purchases 5,024 Shares of Dover Corporation (NYSE:DOV)

Chilton Capital Management LLC increased its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,234 shares of the industrial products company's stock after acquiring an additional 5,024 shares during the period. Chilton Capital Management LLC owned about 0.10% of Dover worth $23,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC raised its holdings in shares of Dover by 707.3% during the first quarter. Golden State Wealth Management LLC now owns 1,986 shares of the industrial products company's stock worth $349,000 after acquiring an additional 1,740 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Dover by 45.4% during the first quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company's stock worth $106,000 after acquiring an additional 187 shares in the last quarter. Heartland Bank & Trust Co purchased a new stake in shares of Dover during the first quarter worth $739,000. Rhumbline Advisers raised its holdings in shares of Dover by 5.8% during the first quarter. Rhumbline Advisers now owns 274,688 shares of the industrial products company's stock worth $48,257,000 after acquiring an additional 14,996 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Dover during the first quarter worth $374,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of NYSE:DOV traded up $1.66 during midday trading on Tuesday, hitting $189.03. The company's stock had a trading volume of 353,856 shares, compared to its average volume of 952,813. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.81 and a beta of 1.26. The stock's 50 day simple moving average is $179.34 and its 200 day simple moving average is $183.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.06. Dover had a return on equity of 19.54% and a net margin of 28.85%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business earned $1.95 earnings per share. The firm's revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, May 30th. Dover's payout ratio is 12.41%.

Analyst Upgrades and Downgrades

DOV has been the topic of several recent research reports. Royal Bank Of Canada restated a "sector perform" rating and set a $176.00 target price on shares of Dover in a report on Friday, April 25th. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Barclays raised their target price on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Robert W. Baird cut their target price on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $206.50.

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.