Oak Thistle LLC Has $1.48 Million Position in Dover Corporation (NYSE:DOV)

Oak Thistle LLC lifted its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 220.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,413 shares of the industrial products company's stock after purchasing an additional 5,789 shares during the period. Oak Thistle LLC's holdings in Dover were worth $1,478,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. North Capital Inc. purchased a new stake in shares of Dover during the first quarter worth about $29,000. Orion Capital Management LLC purchased a new position in Dover in the 4th quarter valued at about $43,000. Ameriflex Group Inc. purchased a new position in Dover in the 4th quarter valued at about $69,000. Quarry LP boosted its position in Dover by 257.0% in the 4th quarter. Quarry LP now owns 407 shares of the industrial products company's stock valued at $76,000 after buying an additional 293 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Dover by 24.1% during the first quarter. SBI Securities Co. Ltd. now owns 494 shares of the industrial products company's stock worth $87,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Price Performance

NYSE:DOV traded down $0.09 during mid-day trading on Friday, reaching $186.55. 1,579,882 shares of the company were exchanged, compared to its average volume of 1,078,183. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The company has a fifty day moving average of $182.63 and a 200 day moving average of $183.16. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 0.36. The stock has a market cap of $25.58 billion, a PE ratio of 11.25, a PEG ratio of 1.57 and a beta of 1.26.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.77%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $2.36 earnings per share. The business's revenue was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

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. The ex-dividend date was Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.10%. Dover's dividend payout ratio (DPR) is presently 12.42%.

Analysts Set New Price Targets

Several research firms have commented on DOV. Robert W. Baird raised their target price on shares of Dover from $219.00 to $234.00 and gave the company an "outperform" rating in a research note on Friday. Barclays increased their price objective on shares of Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley initiated coverage on shares of Dover in a research note on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price objective on the stock. Finally, Mizuho lifted their price objective on shares of Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $213.42.

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.