Stenger Family Office LLC lessened its holdings in shares of Dover Corporation (NYSE:DOV – Free Report) by 63.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,536 shares of the industrial products company’s stock after selling 7,849 shares during the period. Stenger Family Office LLC’s holdings in Dover were worth $886,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after acquiring an additional 676 shares in the last quarter. Empowered Funds LLC grew its holdings in Dover by 11.8% in the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after purchasing an additional 1,580 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Dover during the second quarter valued at approximately $488,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Dover during the second quarter valued at approximately $1,030,000. 84.46% of the stock is currently owned by institutional investors.
Dover Trading Up 0.0%
NYSE:DOV opened at $223.64 on Friday. The stock has a market cap of $30.12 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.70 and a beta of 1.17. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average price is $217.43 and its 200-day moving average price is $211.82. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54.
Dover Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Dover’s dividend payout ratio (DPR) is presently 25.94%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Citigroup reissued a “buy” rating on shares of Dover in a research report on Friday, April 24th. Oppenheimer lifted their price objective on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley boosted their target price on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Finally, Robert W. Baird raised their price target on Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus price target of $239.85.
View Our Latest Stock Report on DOV
Dover Profile
Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.
Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.
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