Dover Corporation $DOV Shares Bought by Cwm LLC

Cwm LLC increased its stake in Dover Corporation (NYSE:DOV) by 417.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,756 shares of the industrial products company’s stock after purchasing an additional 12,712 shares during the period. Cwm LLC’s holdings in Dover were worth $2,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Dover by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 16,342,135 shares of the industrial products company’s stock worth $2,870,986,000 after purchasing an additional 106,679 shares in the last quarter. Nuveen LLC acquired a new stake in Dover during the 1st quarter valued at approximately $526,081,000. Invesco Ltd. lifted its stake in Dover by 7.9% during the 1st quarter. Invesco Ltd. now owns 1,272,690 shares of the industrial products company’s stock valued at $223,586,000 after acquiring an additional 93,483 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Dover by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 983,375 shares of the industrial products company’s stock valued at $172,759,000 after acquiring an additional 19,387 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Dover by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 840,621 shares of the industrial products company’s stock valued at $147,680,000 after acquiring an additional 12,518 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Up 0.2%

Shares of DOV opened at $166.44 on Friday. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average is $172.60 and its two-hundred day moving average is $175.37. The stock has a market cap of $22.82 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.26.

Dover (NYSE:DOV) last announced its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. The company had revenue of $1.78 billion for the quarter. Dover had a net margin of 29.29% and a return on equity of 18.19%. Research analysts forecast that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio is presently 12.55%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DOV shares. Barclays cut their target price on shares of Dover from $193.00 to $190.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Wells Fargo & Company cut their target price on shares of Dover from $195.00 to $180.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on shares of Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Dover from $203.00 to $206.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Finally, Robert W. Baird boosted their price target on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and an average target price of $212.67.

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.