Guided Capital Wealth Management LLC Acquires 3,332 Shares of Dover Corporation (NYSE:DOV)

Guided Capital Wealth Management LLC boosted its holdings in shares of Dover Corporation (NYSE:DOV - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,980 shares of the industrial products company's stock after acquiring an additional 3,332 shares during the period. Dover makes up approximately 1.8% of Guided Capital Wealth Management LLC's investment portfolio, making the stock its 16th largest holding. Guided Capital Wealth Management LLC's holdings in Dover were worth $2,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Global X Japan Co. Ltd. boosted its position in shares of Dover by 8.2% during the first quarter. Global X Japan Co. Ltd. now owns 3,047 shares of the industrial products company's stock worth $535,000 after buying an additional 232 shares during the period. Premier Path Wealth Partners LLC boosted its position in shares of Dover by 5.5% during the first 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 period. State of Alaska Department of Revenue boosted its position in shares of Dover by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 16,065 shares of the industrial products company's stock worth $2,822,000 after buying an additional 420 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Dover by 1.6% during the first quarter. Cornerstone Wealth Management LLC now owns 26,951 shares of the industrial products company's stock worth $4,735,000 after buying an additional 433 shares during the period. Finally, Insigneo Advisory Services LLC boosted its position in shares of Dover by 8.2% during the first quarter. Insigneo Advisory Services LLC now owns 2,304 shares of the industrial products company's stock worth $405,000 after buying an additional 174 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Robert W. Baird reduced their price objective on Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Barclays upped their target price on Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Citigroup dropped their target price on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and an average price target of $208.58.

Dover Stock Performance

DOV opened at $175.55 on Thursday. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a market cap of $24.07 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.69 and a beta of 1.27. The business has a 50 day moving average of $174.44 and a 200-day moving average of $184.78. 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 released its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the firm posted $1.95 earnings per share. The business's revenue was down .9% on a year-over-year basis. On average, equities research analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.17%. Dover's dividend payout ratio (DPR) is currently 12.41%.

Dover 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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