Guided Capital Wealth Management LLC Purchases 3,332 Shares of Dover Corporation (NYSE:DOV)

Guided Capital Wealth Management LLC lifted its position in shares of Dover Corporation (NYSE:DOV) by 38.5% during the first quarter, Holdings Channel.com reports. The firm owned 11,980 shares of the industrial products company’s stock after buying an additional 3,332 shares during the quarter. Dover accounts for 1.8% of Guided Capital Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. Guided Capital Wealth Management LLC’s holdings in Dover were worth $2,105,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Dover by 79.1% during 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 acquired a new position in Dover in the 4th quarter valued at $43,000. Mainstream Capital Management LLC acquired a new position in Dover in the 4th quarter valued at $61,000. Ameriflex Group Inc. acquired a new position in Dover in the 4th quarter valued at $69,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Dover in the 4th quarter valued at $68,000. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DOV shares. Barclays lifted their price objective on Dover from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Thursday, April 24th. Citigroup decreased their price target on Dover from $244.00 to $201.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Robert W. Baird decreased their price target on Dover from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $176.00 price target on shares of Dover in a research note on Friday, April 25th. Finally, Mizuho lifted their price target on Dover from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.58.

Dover Trading Down 0.3%

NYSE DOV opened at $175.55 on Thursday. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 0.36. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The company has a market cap of $24.07 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. The business’s fifty day moving average is $174.44 and its 200 day moving average is $184.78.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.99 by $0.06. Dover had a return on equity of 19.54% and a net margin of 28.85%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $1.95 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts expect that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.17%. Dover’s dividend payout ratio (DPR) is presently 12.41%.

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.