Cvfg LLC purchased a new position in shares of Dover Corporation (NYSE:DOV – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 8,045 shares of the industrial products company’s stock, valued at approximately $1,677,000.
A number of other hedge funds have also recently added to or reduced their stakes in DOV. Orion Porfolio Solutions LLC lifted its position in shares of Dover by 0.7% during the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after purchasing an additional 51 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Dover by 2.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 52 shares in the last quarter. KCM Investment Advisors LLC raised its position in Dover by 3.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 53 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in Dover by 1.7% during the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after buying an additional 54 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after buying an additional 56 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.
Dover Stock Down 0.3%
Shares of Dover stock opened at $214.16 on Wednesday. The business has a fifty day simple moving average of $217.88 and a 200 day simple moving average of $214.31. The stock has a market cap of $28.84 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54.
Dover Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 25.94%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on DOV shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 price target on shares of Dover in a research note on Friday, April 24th. Oppenheimer lifted their price objective on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Morgan Stanley upped their target price on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Robert W. Baird raised their target price on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $239.85.
View Our Latest Stock Report on DOV
About Dover
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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