Dover Corporation $DOV Stock Position Lessened by Keybank National Association OH

Keybank National Association OH decreased its holdings in Dover Corporation (NYSE:DOV) by 0.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 30,043 shares of the industrial products company’s stock after selling 95 shares during the quarter. Keybank National Association OH’s holdings in Dover were worth $5,505,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Arkadios Wealth Advisors boosted its stake in Dover by 10.4% during the second quarter. Arkadios Wealth Advisors now owns 2,518 shares of the industrial products company’s stock valued at $461,000 after buying an additional 237 shares in the last quarter. World Investment Advisors boosted its stake in Dover by 5.1% during the second quarter. World Investment Advisors now owns 3,514 shares of the industrial products company’s stock valued at $644,000 after buying an additional 172 shares in the last quarter. New York Life Investment Management LLC boosted its stake in Dover by 1.2% during the second quarter. New York Life Investment Management LLC now owns 20,456 shares of the industrial products company’s stock valued at $3,748,000 after buying an additional 235 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Dover by 10.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,162 shares of the industrial products company’s stock valued at $5,893,000 after buying an additional 3,100 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in Dover by 2.5% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 2,712 shares of the industrial products company’s stock valued at $497,000 after buying an additional 67 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DOV. Wells Fargo & Company raised their target price on Dover from $180.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Oppenheimer decreased their target price on Dover from $225.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. JPMorgan Chase & Co. upped their target price on Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings downgraded Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, Robert W. Baird set a $235.00 target price on Dover in a report on Friday, October 24th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.55.

Dover Trading Up 0.9%

Shares of NYSE DOV opened at $181.80 on Friday. The business has a fifty day simple moving average of $172.22 and a 200-day simple moving average of $176.60. The company has a market cap of $24.93 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a quick ratio of 1.44, a current ratio of 2.04 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.

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 return on equity of 17.62% and a net margin of 28.37%. Sell-side analysts predict that Dover Corporation will post 9.45 EPS for the current year.

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 1.1%. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is currently 12.79%.

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.