Mcdaniel Terry & Co. Has $38.71 Million Position in Dover Corporation (NYSE:DOV)

Mcdaniel Terry & Co. lessened its stake in Dover Corporation (NYSE:DOV - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,357 shares of the industrial products company's stock after selling 1,379 shares during the period. Dover makes up approximately 3.4% of Mcdaniel Terry & Co.'s holdings, making the stock its 9th largest position. Mcdaniel Terry & Co. owned about 0.16% of Dover worth $38,712,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DOV. Brighton Jones LLC grew its position in Dover by 62.1% in 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 during the period. Oregon Public Employees Retirement Fund grew its position in Dover by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,787 shares of the industrial products company's stock worth $2,211,000 after purchasing an additional 70 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in Dover by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 54,500 shares of the industrial products company's stock worth $10,224,000 after purchasing an additional 900 shares during the period. Oppenheimer & Co. Inc. grew its position in Dover by 28.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,831 shares of the industrial products company's stock worth $4,471,000 after purchasing an additional 5,289 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Dover during the 4th quarter worth $28,718,000. Institutional investors own 84.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DOV shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $176.00 price target on shares of Dover in a research note on Friday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Morgan Stanley started coverage on shares of Dover in a research note on Monday, April 14th. They set an "equal weight" rating and a $185.00 price target on the stock. Mizuho lifted their price target on shares of Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Finally, Citigroup dropped their price target on shares of Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.58.

Dover Stock Up 0.1%

DOV opened at $183.17 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The firm's fifty day moving average is $176.89 and its 200 day moving average is $183.66. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27.

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

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, May 30th. Dover's payout ratio 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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