Duncker Streett & Co. Inc. Has $2.09 Million Stock Holdings in Dover Corporation (NYSE:DOV)

Duncker Streett & Co. Inc. cut its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 54.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,900 shares of the industrial products company's stock after selling 14,026 shares during the period. Duncker Streett & Co. Inc.'s holdings in Dover were worth $2,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ecofi Investissements SA increased its position in shares of Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock valued at $765,000 after purchasing an additional 50 shares during the period. Fifth Third Wealth Advisors LLC increased its position in shares of Dover by 4.0% during 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 increased its position in shares of Dover by 1.4% during the fourth 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 period. Oregon Public Employees Retirement Fund increased its position in shares of Dover by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,787 shares of the industrial products company's stock valued at $2,211,000 after purchasing an additional 70 shares during the period. Finally, Colonial Trust Co SC increased its position in shares of Dover by 11.1% during the fourth 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 period. 84.46% of the stock is currently owned by institutional investors.

Dover Price Performance

Dover stock traded up $2.83 on Monday, reaching $177.71. The company's stock had a trading volume of 841,287 shares, compared to its average volume of 957,126. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.68 and a beta of 1.27. The business's fifty day moving average price is $175.28 and its 200 day moving average price is $183.96. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31.

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

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, May 30th. Dover's dividend payout ratio (DPR) is presently 12.41%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. 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. Robert W. Baird decreased 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. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Barclays boosted their price target on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Finally, Citigroup decreased their price target on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $208.58.

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.