Wealth Enhancement Advisory Services LLC Sells 33,659 Shares of Dover Corporation (NYSE:DOV)

Wealth Enhancement Advisory Services LLC reduced its holdings in Dover Corporation (NYSE:DOV - Free Report) by 68.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,639 shares of the industrial products company's stock after selling 33,659 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Dover were worth $2,748,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DOV. EverSource Wealth Advisors LLC increased its position in Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after buying an additional 87 shares during the period. Orion Capital Management LLC bought a new position in Dover in the 4th quarter worth approximately $43,000. Mainstream Capital Management LLC bought a new position in Dover in the 4th quarter worth approximately $61,000. Ameriflex Group Inc. bought a new position in Dover in the 4th quarter worth approximately $69,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Dover during the fourth quarter valued at approximately $75,000. 84.46% of the stock is owned by institutional investors.

Dover Stock Performance

Shares of NYSE:DOV opened at $183.17 on Friday. The business's fifty day moving average price is $176.89 and its two-hundred day moving average price is $183.66. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The stock has a market capitalization 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. 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 (NYSE:DOV - Get Free Report) last announced its quarterly 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 firm 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 was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. As a group, analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, May 30th. Dover's dividend payout ratio is currently 12.41%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DOV. Mizuho boosted their price objective on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. Barclays boosted their price objective on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Morgan Stanley began coverage on Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective on the stock. Citigroup lowered their price objective on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $176.00 price objective on shares of Dover in a research report on Friday, April 25th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Dover currently has a consensus 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.

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