Pacer Advisors Inc. decreased its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 25.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,636 shares of the industrial products company's stock after selling 2,922 shares during the period. Pacer Advisors Inc.'s holdings in Dover were worth $1,517,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Ecofi Investissements SA increased its position in Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after buying an additional 50 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Dover by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 67 shares during the period. Lido Advisors LLC increased its holdings in shares of Dover by 1.4% in the fourth quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock valued at $923,000 after purchasing an additional 69 shares during the period. Colonial Trust Co SC increased its holdings in shares of Dover by 11.1% in the fourth quarter. Colonial Trust Co SC now owns 720 shares of the industrial products company's stock valued at $135,000 after purchasing an additional 72 shares during the period. Finally, Premier Path Wealth Partners LLC increased its holdings in shares of Dover by 5.5% in the first quarter. Premier Path Wealth Partners LLC now owns 1,538 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on DOV. Morgan Stanley began coverage on Dover in a report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 target price on the stock. Citigroup restated a "buy" rating and issued a $226.00 price target (up from $202.00) on shares of Dover in a research note on Monday, July 14th. Royal Bank Of Canada lifted their price target on Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Wells Fargo & Company lifted their price target on Dover from $190.00 to $195.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Finally, Barclays lifted their price target on Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $213.92.
Check Out Our Latest Stock Report on DOV
Dover Price Performance
Shares of NYSE DOV traded down $6.17 during trading on Friday, reaching $174.97. The company had a trading volume of 1,540,718 shares, compared to its average volume of 1,161,363. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The stock has a market capitalization of $23.99 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The stock has a 50-day moving average price of $182.70 and a two-hundred day moving average price of $183.11. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.
Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.05. Dover had a return on equity of 18.19% and a net margin of 29.29%. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the firm posted $2.36 earnings per share. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.
About Dover
(
Free Report)
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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