Cwm LLC Acquires 12,712 Shares of Dover Corporation $DOV

Cwm LLC grew its position in Dover Corporation (NYSE:DOV) by 417.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,756 shares of the industrial products company’s stock after acquiring an additional 12,712 shares during the quarter. Cwm LLC’s holdings in Dover were worth $2,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of Dover in the first quarter valued at $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dover in the first quarter valued at $31,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Dover in the second quarter valued at $33,000. Truvestments Capital LLC raised its stake in shares of Dover by 1,005.9% in the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 171 shares during the period. Finally, Costello Asset Management INC purchased a new stake in shares of Dover in the first quarter valued at $35,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DOV shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Dover in a research note on Wednesday, October 8th. Barclays reduced their price target on shares of Dover from $193.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday. Royal Bank Of Canada raised their price target on shares of Dover from $203.00 to $206.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Finally, Robert W. Baird raised their price target on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and an average price target of $212.67.

Dover Trading Up 0.2%

NYSE DOV opened at $166.44 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.26. The company’s 50-day simple moving average is $172.60 and its two-hundred day simple moving average is $175.37. Dover Corporation has a one year low of $143.04 and a one year high of $222.31.

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

Dover Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.52 dividend. The ex-dividend date was Friday, August 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is 12.55%.

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.