Elo Mutual Pension Insurance Co Boosts Stock Holdings in Dover Corporation $DOV

Elo Mutual Pension Insurance Co lifted its position in Dover Corporation (NYSE:DOV) by 11.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,137 shares of the industrial products company’s stock after acquiring an additional 1,574 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Dover were worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC increased its holdings in Dover by 18,225.0% in the second quarter. Laurel Wealth Advisors LLC now owns 5,131 shares of the industrial products company’s stock valued at $940,000 after buying an additional 5,103 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Dover during the 2nd quarter valued at about $2,740,000. One Charles Private Wealth Services LLC acquired a new position in Dover in the 2nd quarter worth about $204,000. Steward Partners Investment Advisory LLC raised its stake in shares of Dover by 0.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,609 shares of the industrial products company’s stock worth $2,494,000 after buying an additional 118 shares during the period. Finally, Insigneo Advisory Services LLC raised its position in Dover by 7.2% during the second quarter. Insigneo Advisory Services LLC now owns 2,471 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DOV. Barclays increased their target price on Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Wells Fargo & Company raised their target price on Dover from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Morgan Stanley lifted their price target on shares of Dover from $185.00 to $195.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada upped their target price on shares of Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. Finally, UBS Group set a $200.00 target price on Dover in a research report on Friday, October 24th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.27.

Dover Stock Performance

Shares of DOV opened at $186.28 on Thursday. 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 Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The stock has a market capitalization of $25.55 billion, a PE ratio of 11.46, a PEG ratio of 1.40 and a beta of 1.29. The stock has a 50-day simple moving average of $173.81 and a 200-day simple moving average of $178.34.

Dover (NYSE:DOV) last announced its quarterly earnings data 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 net margin of 28.37% and a return on equity of 17.62%. On average, analysts predict that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 28th. Dover’s dividend payout ratio is currently 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.