Rockefeller Capital Management L.P. Has $18.03 Million Stock Holdings in Dover Corporation $DOV

Rockefeller Capital Management L.P. lifted its stake in Dover Corporation (NYSE:DOV) by 0.7% in the second quarter, HoldingsChannel reports. The firm owned 98,377 shares of the industrial products company’s stock after purchasing an additional 727 shares during the period. Rockefeller Capital Management L.P.’s holdings in Dover were worth $18,026,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. AdvisorShares Investments LLC purchased a new stake in Dover during the second quarter valued at about $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dover in the 1st quarter valued at approximately $31,000. Harbour Investments Inc. lifted its position in shares of Dover by 51.7% in the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Truvestments Capital LLC boosted its stake in Dover by 1,005.9% in the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 171 shares during the period. Finally, Investment Research & Advisory Group Inc. purchased a new position in Dover during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DOV. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Robert W. Baird set a $235.00 price objective on Dover in a research note on Friday, October 24th. Barclays lifted their target price on Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Morgan Stanley raised their price target on shares of Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Seven 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, the company has an average rating of “Moderate Buy” and a consensus price target of $212.27.

Dover Trading Down 0.1%

Shares of NYSE DOV opened at $179.87 on Wednesday. The business has a 50 day simple moving average of $172.74 and a 200 day simple moving average of $177.97. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.40 and a beta of 1.29. 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 posted its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. The firm had revenue of $1.78 billion during the quarter. On average, research analysts predict that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. Dover’s dividend payout ratio is presently 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.