Dover Corporation (NYSE:DOV) Shares Sold by Lbp Am Sa

LBP AM SA trimmed its stake in Dover Corporation (NYSE:DOV - Free Report) by 48.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOV. North Capital Inc. purchased a new position in Dover in the first quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its holdings in Dover by 79.1% during the 4th 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 in the last quarter. Orion Capital Management LLC bought a new stake in shares of Dover in the 4th quarter valued at about $43,000. Ameriflex Group Inc. bought a new position in shares of Dover during the 4th quarter worth approximately $69,000. Finally, Quarry LP increased its position in shares of Dover by 257.0% in the 4th quarter. Quarry LP now owns 407 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 293 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Down 0.8%

DOV traded down $1.52 during trading on Friday, hitting $189.00. The company's stock had a trading volume of 729,007 shares, compared to its average volume of 953,375. The stock has a market cap of $25.91 billion, a PE ratio of 11.39, a PEG ratio of 1.82 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.56. The firm's 50 day moving average price is $180.47 and its 200-day moving average price is $183.18. 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 announced its 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. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dover had a return on equity of 19.54% and a net margin of 28.85%. The company's revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $1.95 EPS. On average, analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, May 30th. Dover's dividend payout ratio is currently 12.41%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley began coverage on shares of Dover in a research note on Monday, April 14th. They set an "equal weight" rating and a $185.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Royal Bank Of Canada restated a "sector perform" rating and set a $176.00 price target on shares of Dover in a research report on Friday, April 25th. Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Robert W. Baird cut their price target on Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $206.50.

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.