Sagespring Wealth Partners LLC Has $511,000 Holdings in Dover Corporation $DOV

Sagespring Wealth Partners LLC increased its position in shares of Dover Corporation (NYSE:DOV) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,787 shares of the industrial products company’s stock after acquiring an additional 192 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Dover were worth $511,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings in shares of Dover by 707.3% during the first quarter. Golden State Wealth Management LLC now owns 1,986 shares of the industrial products company’s stock valued at $349,000 after acquiring an additional 1,740 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Dover by 10.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,622 shares of the industrial products company’s stock valued at $2,227,000 after acquiring an additional 1,160 shares during the period. Farther Finance Advisors LLC grew its position in Dover by 45.4% during the first quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 187 shares in the last quarter. Heartland Bank & Trust Co purchased a new position in Dover during the first quarter valued at approximately $739,000. Finally, Hsbc Holdings PLC grew its position in Dover by 77.9% during the first quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company’s stock valued at $107,677,000 after purchasing an additional 268,931 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

DOV stock opened at $166.23 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 1.30 and a beta of 1.26. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The firm has a 50 day moving average of $172.74 and a two-hundred day moving average of $175.43.

Dover (NYSE:DOV) last posted its earnings results on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. The company had revenue of $1.78 billion during the quarter. Dover had a net margin of 29.29% and a return on equity of 18.19%. As a group, equities analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.52 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. Dover’s dividend payout ratio is presently 12.55%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DOV. Citigroup reaffirmed a “buy” rating and set a $226.00 price objective (up from $202.00) on shares of Dover in a research report on Monday, July 14th. Wells Fargo & Company lowered their price objective on shares of Dover from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Barclays lowered their price objective on shares of Dover from $193.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dover in a research report on Wednesday, October 8th. Finally, Robert W. Baird boosted their price objective on shares of Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $212.67.

Dover 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.