Dover Corporation $DOV Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its position in shares of Dover Corporation (NYSE:DOV) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,391 shares of the industrial products company’s stock after purchasing an additional 141 shares during the quarter. MGO One Seven LLC’s holdings in Dover were worth $438,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of DOV. Legacy Financial Advisors Inc. boosted its position in shares of Dover by 1.4% in the 1st quarter. Legacy Financial Advisors Inc. now owns 4,134 shares of the industrial products company’s stock worth $726,000 after buying an additional 57 shares in the last quarter. Summit Financial LLC lifted its holdings in shares of Dover by 0.9% in the first quarter. Summit Financial LLC now owns 6,599 shares of the industrial products company’s stock valued at $1,159,000 after purchasing an additional 60 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Dover by 0.3% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,672 shares of the industrial products company’s stock valued at $3,971,000 after purchasing an additional 67 shares during the last quarter. Rockland Trust Co. increased its stake in shares of Dover by 0.4% during the 2nd quarter. Rockland Trust Co. now owns 15,383 shares of the industrial products company’s stock worth $2,819,000 after purchasing an additional 68 shares in the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in shares of Dover by 5.5% during the 1st quarter. Premier Path Wealth Partners LLC now owns 1,538 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DOV. JPMorgan Chase & Co. increased their target price on Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays decreased their price objective on Dover from $193.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Citigroup reissued a “buy” rating and issued a $226.00 target price (up previously from $202.00) on shares of Dover in a research note on Monday, July 14th. 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Dover in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Dover has an average rating of “Moderate Buy” and a consensus target price of $212.67.

Dover Stock Up 0.2%

Shares of NYSE:DOV opened at $166.44 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market cap of $22.82 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 1.33 and a beta of 1.26. The stock’s 50-day moving average price is $172.60 and its two-hundred day moving average price is $175.34. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31.

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

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio is presently 12.55%.

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.