Dover Corporation (NYSE:DOV) Stock Holdings Lessened by Signature Wealth Management Partners LLC

Signature Wealth Management Partners LLC reduced its holdings in Dover Corporation (NYSE:DOV) by 3.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,781 shares of the industrial products company’s stock after selling 386 shares during the quarter. Dover makes up 1.1% of Signature Wealth Management Partners LLC’s portfolio, making the stock its 15th biggest position. Signature Wealth Management Partners LLC’s holdings in Dover were worth $1,718,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Dover by 62.1% in the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 1,128 shares during the period. New Age Alpha Advisors LLC acquired a new position in Dover during the 4th quarter valued at about $107,000. Geode Capital Management LLC increased its stake in Dover by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company’s stock valued at $618,068,000 after buying an additional 74,541 shares during the period. Nicolet Advisory Services LLC increased its stake in Dover by 7.5% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,729 shares of the industrial products company’s stock valued at $318,000 after buying an additional 121 shares during the period. Finally, World Investment Advisors increased its stake in Dover by 2.7% during the 4th quarter. World Investment Advisors now owns 3,354 shares of the industrial products company’s stock valued at $629,000 after buying an additional 87 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Performance

Shares of DOV opened at $174.97 on Friday. The firm’s 50 day moving average is $182.64 and its 200-day moving average is $183.01. The stock has a market capitalization of $23.99 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.44 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35. 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, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company posted $2.36 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on DOV shares. Robert W. Baird raised their target price on shares of Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Barclays raised their target price on shares of Dover from $185.00 to $193.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Citigroup reissued a “buy” rating and set a $226.00 target price (up previously from $202.00) on shares of Dover in a research note on Monday, July 14th. Finally, Morgan Stanley started coverage on shares of Dover in a research note on Monday, April 14th. They set an “equal weight” rating and a $185.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.92.

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.