SS&H Financial Advisors Inc. Purchases New Position in Dover Corporation $DOV

SS&H Financial Advisors Inc. purchased a new stake in Dover Corporation (NYSE:DOV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,100 shares of the industrial products company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DOV. North Capital Inc. purchased a new position in shares of Dover in the 1st quarter valued at about $29,000. AdvisorShares Investments LLC purchased a new position in shares of Dover in the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dover in the 1st quarter valued at about $31,000. Harbour Investments Inc. increased its stake in shares of Dover by 51.7% in the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Finally, Truvestments Capital LLC increased its stake 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 valued at $33,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DOV shares. Royal Bank Of Canada lifted their price objective on Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Oppenheimer lowered their price objective on Dover from $225.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Barclays lifted their price objective on Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Finally, Morgan Stanley lifted their price objective on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.55.

Dover Trading Up 0.9%

Shares of Dover stock opened at $181.80 on Friday. The stock has a market cap of $24.93 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.40 and a beta of 1.26. The stock’s 50 day simple moving average is $172.22 and its 200-day simple moving average is $176.69. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44.

Dover (NYSE:DOV) last issued its earnings results 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 return on equity of 17.62% and a net margin of 28.37%. Analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.52 dividend. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, August 29th. Dover’s payout ratio is currently 12.79%.

About Dover

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.