Lbp Am Sa Sells 4,536 Shares of Dover Corporation (NYSE:DOV)

LBP AM SA lowered its holdings in shares of Dover Corporation (NYSE:DOV - Free Report) by 48.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,902 shares of the industrial products company's stock after selling 4,536 shares during the period. LBP AM SA's holdings in Dover were worth $861,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. North Capital Inc. acquired a new position in shares of Dover during the first quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after buying an additional 87 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Dover during the fourth quarter valued at about $43,000. Ameriflex Group Inc. acquired a new position in shares of Dover during the fourth quarter valued at about $69,000. Finally, Quarry LP grew its holdings in shares of Dover by 257.0% during the fourth quarter. Quarry LP now owns 407 shares of the industrial products company's stock valued at $76,000 after buying an additional 293 shares during the last quarter. Institutional investors own 84.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DOV shares. Robert W. Baird cut their price target on shares of Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $176.00 price objective on shares of Dover in a research note on Friday, April 25th. Wells Fargo & Company boosted their price objective on shares of Dover from $180.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Citigroup reissued a "buy" rating and issued a $226.00 price target (up previously from $202.00) on shares of Dover in a research note on Monday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $208.58.

Dover Price Performance

NYSE:DOV traded down $0.18 during trading hours on Monday, hitting $188.76. 1,924,699 shares of the stock traded hands, compared to its average volume of 957,730. 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 Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a market cap of $25.88 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The stock has a 50 day moving average price of $180.78 and a 200 day moving average price of $183.07.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping 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 firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The company's quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts forecast that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, May 30th. Dover's dividend payout ratio is presently 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.