KFA Private Wealth Group LLC Invests $461,000 in Dover Corporation $DOV

Key Points

• KFA Private Wealth Group LLC invested $461,000 in Dover Corporation by purchasing 2,518 shares during the second quarter.
• Dover recently announced a quarterly dividend of $0.52 per share, enhancing its annualized dividend to $2.08, with a dividend yield of 1.3%.
• Institutional investors hold a significant stake in Dover, owning 84.46% of the company's stock, highlighting strong institutional interest.

KFA Private Wealth Group LLC purchased a new position in shares of Dover Corporation (NYSE:DOV - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,518 shares of the industrial products company's stock, valued at approximately $461,000.

Several other institutional investors have also recently bought and sold shares of DOV. Brighton Jones LLC increased its position in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after purchasing an additional 1,128 shares in the last quarter. Farther Finance Advisors LLC increased its position in Dover by 45.4% during the 1st quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company's stock worth $106,000 after purchasing an additional 187 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Dover during the first quarter worth $203,000. GAMMA Investing LLC increased its holdings in shares of Dover by 104.5% during the first quarter. GAMMA Investing LLC now owns 3,205 shares of the industrial products company's stock worth $563,000 after buying an additional 1,638 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Dover by 16.6% during the first quarter. Handelsbanken Fonder AB now owns 58,467 shares of the industrial products company's stock worth $10,271,000 after buying an additional 8,330 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Trading Down 0.4%

DOV opened at $161.64 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $173.71 and a 200-day moving average of $175.84. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The stock has a market cap of $22.17 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.26.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. The company had revenue of $1.78 billion during the quarter. Dover had a net margin of 29.29% and a return on equity of 18.19%. On average, sell-side analysts predict that Dover Corporation will post 9.45 EPS for the current year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.52 dividend. The ex-dividend date was Friday, August 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. This is a boost from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio (DPR) is 12.55%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on Dover from $195.00 to $180.00 and set an "equal weight" rating for the company in a report on Monday, October 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Dover in a research note on Wednesday. Robert W. Baird upped their price objective on Dover from $219.00 to $234.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price target on shares of Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.42.

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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