Dover Corporation (NYSE:DOV) Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its holdings in Dover Corporation (NYSE:DOV - Free Report) by 1,520.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,987 shares of the industrial products company's stock after purchasing an additional 3,741 shares during the period. Golden State Wealth Management LLC's holdings in Dover were worth $700,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DOV. Norges Bank acquired a new stake in Dover in the fourth quarter valued at approximately $316,228,000. GAMMA Investing LLC boosted its stake in shares of Dover by 35,832.0% in the first quarter. GAMMA Investing LLC now owns 563,054 shares of the industrial products company's stock worth $98,917,000 after acquiring an additional 561,487 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Dover in the fourth quarter worth approximately $99,017,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Dover by 31.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company's stock worth $409,530,000 after acquiring an additional 524,092 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Dover by 350.8% in the first quarter. Assenagon Asset Management S.A. now owns 410,350 shares of the industrial products company's stock worth $72,090,000 after acquiring an additional 319,319 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Performance

Shares of Dover stock opened at $183.35 on Friday. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The business's fifty day simple moving average is $176.44 and its 200-day simple moving average is $183.78. The firm has a market cap of $25.14 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV - Get Free Report) last announced 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The company's quarterly revenue was down .9% on a year-over-year basis. Equities analysts forecast 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. Investors 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 annualized dividend and a dividend yield of 1.12%. Dover's dividend payout ratio is presently 12.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOV. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Mizuho lifted their price target on Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. JPMorgan Chase & Co. lifted their price target on Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Robert W. Baird lowered their price target on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $176.00 price target on shares of Dover in a research note 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $208.58.

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.

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