Focus Partners Advisor Solutions LLC Grows Position in Dover Corporation $DOV

Focus Partners Advisor Solutions LLC raised its holdings in Dover Corporation (NYSE:DOV) by 152.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,352 shares of the industrial products company’s stock after acquiring an additional 2,630 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Dover were worth $798,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. North Capital Inc. purchased a new position in shares of Dover during the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dover during the 1st quarter valued at about $31,000. Harbour Investments Inc. raised its holdings in shares of Dover by 51.7% during the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of Dover by 1,005.9% during the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after buying an additional 171 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Dover during the 2nd quarter valued at about $33,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of research reports. Barclays raised their price objective on Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Robert W. Baird set a $235.00 price target on Dover in a research report on Friday. Citigroup restated a “buy” rating and set a $226.00 price target (up from $202.00) on shares of Dover in a research report on Monday, July 14th. Wells Fargo & Company raised their price target on Dover from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Finally, Morgan Stanley raised their price target on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $211.55.

Dover Price Performance

Shares of DOV stock opened at $179.70 on Wednesday. The firm has a market cap of $24.65 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.38 and a beta of 1.26. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The business’s 50 day moving average price is $172.15 and its 200-day moving average price is $176.32. 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 (NYSE:DOV) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. The firm had revenue of $1.78 billion for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%. On average, equities research analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is 12.79%.

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.