ORG Wealth Partners LLC Has $176,000 Stake in Dover Corporation (NYSE:DOV)

ORG Wealth Partners LLC decreased its holdings in Dover Corporation (NYSE:DOV) by 68.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 998 shares of the industrial products company’s stock after selling 2,136 shares during the period. ORG Wealth Partners LLC’s holdings in Dover were worth $176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in DOV. Vanguard Group Inc. boosted its position in shares of Dover by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company’s stock worth $3,045,772,000 after acquiring an additional 57,453 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Dover by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company’s stock valued at $618,068,000 after acquiring an additional 74,541 shares during the last quarter. FMR LLC increased its position in shares of Dover by 1.1% during the fourth quarter. FMR LLC now owns 3,118,391 shares of the industrial products company’s stock worth $585,010,000 after buying an additional 32,565 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of Dover by 31.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company’s stock worth $409,530,000 after acquiring an additional 524,092 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Dover by 16.6% in the fourth quarter. Northern Trust Corp now owns 1,726,523 shares of the industrial products company’s stock valued at $323,896,000 after buying an additional 245,535 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Performance

Dover stock opened at $175.55 on Friday. The firm’s fifty day moving average price is $174.75 and its 200-day moving average price is $184.58. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13. The stock has a market cap of $24.07 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.06. Dover had a net margin of 28.85% and a return on equity of 19.54%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $1.95 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts expect that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.17%. Dover’s dividend payout ratio is currently 12.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DOV shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $176.00 price objective on shares of Dover in a research note on Friday, April 25th. Robert W. Baird cut their target price on Dover from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Mizuho raised their price objective on shares of Dover from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. Morgan Stanley initiated coverage on Dover in a research note on Monday, April 14th. They set an “equal weight” rating and a $185.00 price target for the company. Finally, Barclays boosted their target price on shares of Dover from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Thursday, April 24th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.