Sound Financial Strategies Group LLC Purchases 509 Shares of Dover Corporation $DOV

Sound Financial Strategies Group LLC lifted its position in shares of Dover Corporation (NYSE:DOV) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,226 shares of the industrial products company’s stock after acquiring an additional 509 shares during the period. Sound Financial Strategies Group LLC’s holdings in Dover were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DOV. AdvisorShares Investments LLC acquired a new stake in shares of Dover in the 2nd quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dover in the 1st quarter valued at approximately $31,000. Harbour Investments Inc. increased its position in Dover by 51.7% during the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new position in Dover in the 2nd quarter valued at approximately $33,000. Finally, Truvestments Capital LLC boosted its position in Dover by 1,005.9% in the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after buying an additional 171 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $235.00 price objective on Dover in a report on Friday, October 24th. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. boosted their price target on Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Wells Fargo & Company raised their price objective on shares of Dover from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Finally, UBS Group set a $200.00 price target on shares of Dover in a research report on Friday, October 24th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and an average target price of $211.55.

Dover Trading Down 0.6%

NYSE:DOV opened at $178.50 on Friday. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The firm’s fifty day moving average is $171.96 and its 200-day moving average is $177.07. The firm has a market cap of $24.48 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm had revenue of $1.78 billion during the quarter. Equities analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 28th. Dover’s payout ratio is currently 12.79%.

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.