Symmetry Partners LLC decreased its holdings in shares of Dover Co. (NYSE:DOV) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,347 shares of the industrial products company’s stock after selling 320 shares during the period. Symmetry Partners LLC’s holdings in Dover were worth $1,282,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. GWM Advisors LLC raised its position in Dover by 1.8% in the first quarter. GWM Advisors LLC now owns 4,247 shares of the industrial products company’s stock worth $582,000 after acquiring an additional 76 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in Dover by 2.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 3,761 shares of the industrial products company’s stock worth $468,000 after buying an additional 85 shares during the period. AdvisorNet Financial Inc increased its holdings in Dover by 10.2% in the first quarter. AdvisorNet Financial Inc now owns 958 shares of the industrial products company’s stock valued at $131,000 after buying an additional 89 shares in the last quarter. TRUE Private Wealth Advisors boosted its stake in shares of Dover by 8.9% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,098 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 90 shares in the last quarter. Finally, Sonora Investment Management LLC increased its stake in Dover by 3.7% in the 4th quarter. Sonora Investment Management LLC now owns 2,797 shares of the industrial products company’s stock valued at $353,000 after purchasing an additional 100 shares in the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Ivonne M. Cabrera sold 3,617 shares of the firm’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $133.00, for a total transaction of $481,061.00. Following the completion of the sale, the senior vice president now directly owns 21,454 shares of the company’s stock, valued at approximately $2,853,382. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.98% of the stock is currently owned by corporate insiders.
Dover (NYSE:DOV) last issued its quarterly earnings data on Monday, April 19th. The industrial products company reported $1.81 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.36. Dover had a return on equity of 26.73% and a net margin of 10.02%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that Dover Co. will post 5.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, May 28th will be given a dividend of $0.495 per share. The ex-dividend date is Thursday, May 27th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.32%. Dover’s payout ratio is currently 33.39%.
Several research firms recently commented on DOV. JPMorgan Chase & Co. boosted their price objective on shares of Dover from $138.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 21st. Barclays raised their price target on Dover from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of Dover from $159.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, April 27th. Oppenheimer restated a “hold” rating on shares of Dover in a research report on Wednesday, January 27th. Finally, Citigroup increased their price target on Dover from $159.00 to $170.00 in a research note on Wednesday, April 21st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Dover currently has an average rating of “Hold” and a consensus target price of $149.91.
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides aftermarket vehicle, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, bearings, drives, electric monitoring, and fluid dispensing systems.
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