Prospera Financial Services Inc Acquires 660 Shares of Dover Corporation $DOV

Prospera Financial Services Inc raised its holdings in Dover Corporation (NYSE:DOV) by 40.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,311 shares of the industrial products company’s stock after purchasing an additional 660 shares during the quarter. Prospera Financial Services Inc’s holdings in Dover were worth $425,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DOV. AdvisorShares Investments LLC acquired a new position in Dover during the 2nd quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Dover in the first quarter worth about $31,000. Harbour Investments Inc. lifted its position in shares of Dover by 51.7% during the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Dover during the second quarter valued at approximately $33,000. Finally, Truvestments Capital LLC increased its holdings 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 purchasing an additional 171 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DOV. Robert W. Baird set a $235.00 price objective on Dover in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dover in a report on Thursday. Morgan Stanley lifted their price objective on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Barclays upped their target price on shares of Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Finally, Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $212.27.

Dover Stock Up 0.6%

NYSE:DOV opened at $183.07 on Friday. The stock has a 50-day moving average price of $172.59 and a two-hundred day moving average price of $177.81. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.40 and a beta of 1.29.

Dover (NYSE:DOV) last announced its quarterly earnings results 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 net margin of 28.37% and a return on equity of 17.62%. As a group, equities analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 28th. Dover’s dividend payout ratio (DPR) is currently 12.79%.

About Dover

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.