Dover Corporation (NYSE:DOV) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its stake in shares of Dover Corporation (NYSE:DOV - Free Report) by 14.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,284 shares of the industrial products company's stock after selling 8,039 shares during the quarter. Leeward Investments LLC MA's holdings in Dover were worth $8,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DOV. Ecofi Investissements SA boosted its holdings in Dover by 1.1% in the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after acquiring an additional 50 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of Dover by 4.0% in the first 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 period. Lido Advisors LLC grew its holdings in Dover by 1.4% during 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 in the last quarter. Colonial Trust Co SC grew its holdings in Dover by 11.1% during 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 in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its holdings in Dover by 5.5% in 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 in the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Royal Bank Of Canada restated a "sector perform" rating and set a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Barclays raised their price objective on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Citigroup dropped their price objective on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley started coverage on Dover in a report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $206.50.

Dover Stock Performance

Shares of NYSE:DOV traded down $0.93 on Friday, reaching $187.23. 488,787 shares of the company's stock were exchanged, compared to its average volume of 954,079. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The business's 50-day moving average is $178.64 and its two-hundred day moving average is $183.26. 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 firm has a market capitalization of $25.67 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.81 and a beta of 1.26.

Dover (NYSE:DOV - Get Free Report) last posted 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 net margin of 28.85% and a return on equity of 19.54%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $1.95 EPS. The company's quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts forecast that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

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

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.