Assetmark Inc. raised its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,138 shares of the industrial products company's stock after purchasing an additional 1,404 shares during the quarter. Assetmark Inc.'s holdings in Dover were worth $9,862,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Ecofi Investissements SA grew its holdings in shares of Dover by 1.1% in the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after purchasing an additional 50 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Dover by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 67 shares during the last quarter. Lido Advisors LLC raised its position in shares of Dover by 1.4% in the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock valued at $923,000 after purchasing an additional 69 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Dover by 11.1% in the 4th quarter. Colonial Trust Co SC now owns 720 shares of the industrial products company's stock valued at $135,000 after purchasing an additional 72 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in Dover by 5.5% during the 1st quarter. Premier Path Wealth Partners LLC now owns 1,538 shares of the industrial products company's stock worth $270,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on DOV. Mizuho raised their price target on shares of Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. Royal Bank Of Canada lifted their price target on shares of Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Barclays raised their price objective on Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Morgan Stanley started coverage on Dover in a report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a report on Monday. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and a consensus target price of $213.92.
View Our Latest Stock Analysis on Dover
Dover Stock Up 0.1%
Dover stock traded up $0.10 during mid-day trading on Thursday, hitting $182.32. The company's stock had a trading volume of 218,600 shares, compared to its average volume of 1,064,548. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31. The firm's 50 day moving average is $182.67 and its 200 day moving average is $183.15. The company has a market cap of $25.00 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.26.
Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $2.36 EPS. On average, analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current year.
Dover Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.13%. Dover's dividend payout ratio is currently 12.42%.
About Dover
(
Free Report)
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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