Blair William & Co. IL Trims Holdings in Dover Corporation $DOV

Blair William & Co. IL trimmed its stake in Dover Corporation (NYSE:DOV) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 75,088 shares of the industrial products company’s stock after selling 1,324 shares during the period. Blair William & Co. IL’s holdings in Dover were worth $13,758,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. North Capital Inc. acquired a new position in Dover during the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new position in Dover during the 1st quarter worth about $31,000. Truvestments Capital LLC lifted its stake in Dover by 1,005.9% during the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 171 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Dover during the 2nd quarter worth about $33,000. Finally, Costello Asset Management INC acquired a new position in Dover during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Dover from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Citigroup reaffirmed a “buy” rating and issued a $226.00 price target (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Barclays reduced their price target on Dover from $193.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Mizuho increased their price target on Dover from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, June 13th. Finally, Robert W. Baird increased their price target on Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.42.

Dover Price Performance

Shares of NYSE DOV opened at $161.64 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The firm has a market capitalization of $22.17 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.26. The stock’s 50-day simple moving average is $173.71 and its 200-day simple moving average is $175.84.

Dover (NYSE:DOV) last issued its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. The business had revenue of $1.78 billion for the quarter. Dover had a return on equity of 18.19% and a net margin of 29.29%. As a group, equities research analysts forecast that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is 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.