CSM Advisors LLC Acquires 2,042 Shares of Dover Corporation $DOV

CSM Advisors LLC raised its stake in shares of Dover Corporation (NYSE:DOV) by 4.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,097 shares of the industrial products company’s stock after acquiring an additional 2,042 shares during the period. CSM Advisors LLC’s holdings in Dover were worth $8,993,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. AdvisorShares Investments LLC bought a new position in Dover during the second quarter valued at approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in Dover during the 1st quarter valued at $31,000. Harbour Investments Inc. lifted 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 during the period. Truvestments Capital LLC boosted its stake in shares of 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 buying an additional 171 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new stake in shares of Dover in the second quarter worth $33,000. 84.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on DOV. Oppenheimer dropped their target price on Dover from $225.00 to $220.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Robert W. Baird set a $235.00 price objective on shares of Dover in a research note on Friday, October 24th. Weiss Ratings downgraded shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. 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 report on Friday, October 24th. Finally, Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus price target of $211.55.

Dover Price Performance

NYSE DOV opened at $180.34 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The stock has a market cap of $24.73 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.40 and a beta of 1.29. The company’s 50 day moving average is $171.99 and its two-hundred day moving average is $177.32.

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

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. 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.