Harbour Investments Inc. Acquires 60 Shares of Dover Corporation $DOV

Harbour Investments Inc. grew its holdings in shares of Dover Corporation (NYSE:DOV) by 51.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 176 shares of the industrial products company’s stock after buying an additional 60 shares during the period. Harbour Investments Inc.’s holdings in Dover were worth $32,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DOV. North Capital Inc. bought a new position in shares of Dover in the 1st quarter worth $29,000. N.E.W. Advisory Services LLC bought a new position in shares of Dover in the 1st quarter worth $31,000. Investment Research & Advisory Group Inc. bought a new position in shares of Dover in the 2nd quarter worth $33,000. Truvestments Capital LLC lifted its holdings in shares of Dover by 1,005.9% in the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 171 shares in the last quarter. Finally, Costello Asset Management INC bought a new position in shares of Dover in the 1st quarter worth $35,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on DOV. Royal Bank Of Canada increased their target price on Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a report on Friday. Robert W. Baird set a $235.00 target price on Dover in a report on Friday. Barclays increased their target price on Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company increased their price target on Dover from $180.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Citigroup reissued a “buy” rating and issued a $226.00 price target (up from $202.00) on shares of Dover in a research report on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

Dover Trading Down 2.0%

NYSE DOV opened at $177.64 on Friday. The firm has a market capitalization of $24.36 billion, a P/E ratio of 10.92, a PEG ratio of 1.43 and a beta of 1.26. The business has a fifty day simple moving average of $172.13 and a 200 day simple moving average of $175.85. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.

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. Dover had a return on equity of 17.91% and a net margin of 28.37%.The firm had revenue of $1.78 billion during the quarter. On average, analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is 12.55%.

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.