Segall Bryant & Hamill LLC Sells 7,147 Shares of Dover Corporation (NYSE:DOV)

Segall Bryant & Hamill LLC lessened its holdings in shares of Dover Corporation (NYSE:DOV - Free Report) by 13.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,889 shares of the industrial products company's stock after selling 7,147 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Dover were worth $8,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOV. North Capital Inc. purchased a new stake in Dover in the first quarter worth $29,000. EverSource Wealth Advisors LLC grew its stake in Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after purchasing an additional 87 shares during the period. Orion Capital Management LLC purchased a new stake in Dover in the fourth quarter worth $43,000. Ameriflex Group Inc. purchased a new stake in Dover in the fourth quarter worth $69,000. Finally, Quarry LP grew its stake in Dover by 257.0% in the fourth quarter. Quarry LP now owns 407 shares of the industrial products company's stock worth $76,000 after purchasing an additional 293 shares during the period. Institutional investors own 84.46% of the company's stock.

Dover Stock Performance

Shares of Dover stock traded down $2.52 during trading on Friday, hitting $188.07. 2,574,024 shares of the company's stock traded hands, compared to its average volume of 961,466. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.56. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The stock has a market capitalization of $25.78 billion, a P/E ratio of 11.33, a PEG ratio of 1.80 and a beta of 1.26. The business has a 50-day simple moving average of $182.30 and a 200-day simple moving average of $183.13.

Dover (NYSE:DOV - Get Free Report) last announced its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.06. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. Dover had a return on equity of 19.54% and a net margin of 28.85%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.95 earnings per share. As a group, analysts forecast that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, May 30th. Dover's dividend payout ratio (DPR) is currently 12.41%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays upped their price target on Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Finally, Wells Fargo & Company increased their target price on Dover from $180.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $208.58.

Dover Company 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.