GAMMA Investing LLC Has $563,000 Stock Holdings in Dover Corporation (NYSE:DOV)

GAMMA Investing LLC grew its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 104.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,205 shares of the industrial products company's stock after buying an additional 1,638 shares during the quarter. GAMMA Investing LLC's holdings in Dover were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock valued at $552,000 after buying an additional 1,128 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Dover by 1.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 44,312 shares of the industrial products company's stock valued at $8,313,000 after purchasing an additional 441 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Dover by 5.0% during the 4th quarter. Metis Global Partners LLC now owns 4,621 shares of the industrial products company's stock worth $867,000 after buying an additional 219 shares in the last quarter. Bridges Investment Management Inc. acquired a new stake in Dover in the fourth quarter worth about $258,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Dover by 54.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the industrial products company's stock worth $235,000 after buying an additional 446 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Stock Down 0.5%

NYSE:DOV traded down $0.93 on Friday, hitting $187.23. 488,787 shares of the company's stock were exchanged, compared to its average volume of 954,079. The firm has a 50-day moving average price of $178.64 and a 200-day moving average price of $183.26. Dover Corporation has a 52 week low of $143.04 and a 52 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. The company has a market cap of $25.67 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.81 and a beta of 1.26.

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

Dover Dividend Announcement

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

Analyst Upgrades and Downgrades

DOV has been the subject of several recent research reports. Wall Street Zen cut shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Wells Fargo & Company increased their target price on Dover from $180.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday. Morgan Stanley assumed coverage on Dover in a research note on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price target for the company. Citigroup reduced their price objective on shares of Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus 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.