Forum Financial Management LP Has $299,000 Position in Dover Corporation $DOV

Forum Financial Management LP increased its holdings in shares of Dover Corporation (NYSE:DOV) by 17.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,630 shares of the industrial products company’s stock after acquiring an additional 239 shares during the quarter. Forum Financial Management LP’s holdings in Dover were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DOV. Brighton Jones LLC increased its holdings in shares of Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 1,128 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Dover by 104.5% during the 1st quarter. GAMMA Investing LLC now owns 3,205 shares of the industrial products company’s stock worth $563,000 after acquiring an additional 1,638 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Dover by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,231 shares of the industrial products company’s stock worth $2,852,000 after acquiring an additional 695 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Dover by 8.1% during the 1st quarter. Spire Wealth Management now owns 2,675 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 200 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Dover by 4.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,982 shares of the industrial products company’s stock valued at $524,000 after buying an additional 139 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Performance

NYSE:DOV opened at $177.64 on Monday. The stock has a fifty day moving average price of $172.13 and a 200-day moving average price of $176.10. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

Dover (NYSE:DOV) last released its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm had revenue of $1.78 billion during the quarter. As a group, equities analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.52 per share. The ex-dividend date was Friday, August 29th. This represents a $2.08 annualized dividend 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 is currently 12.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DOV. Oppenheimer decreased their price objective on Dover from $225.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Wells Fargo & Company upped their price objective on Dover from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday. Royal Bank Of Canada upped their price objective on Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a report on Friday. Citigroup reaffirmed a “buy” rating and issued a $226.00 price objective (up from $202.00) on shares of Dover in a report on Monday, July 14th. Finally, Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $212.00.

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.