Insight Folios Inc Sells 226 Shares of Dover Co. (NYSE:DOV)

Insight Folios Inc lessened its stake in shares of Dover Co. (NYSE:DOV) by 10.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,877 shares of the industrial products company’s stock after selling 226 shares during the period. Insight Folios Inc’s holdings in Dover were worth $333,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Dover during the third quarter valued at about $32,000. Headinvest LLC bought a new stake in Dover during the third quarter valued at about $32,000. Exchange Traded Concepts LLC bought a new stake in Dover during the fourth quarter valued at about $33,000. AdvisorNet Financial Inc grew its holdings in Dover by 783.3% during the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 188 shares during the period. Finally, Life Planning Partners Inc bought a new stake in Dover during the fourth quarter valued at about $35,000. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Mizuho upped their price objective on Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Oppenheimer upped their price objective on Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Wells Fargo & Company upped their price objective on Dover from $177.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Robert W. Baird upped their price objective on Dover from $185.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $185.75.

Dover Price Performance

NYSE DOV traded up $0.01 during trading on Thursday, hitting $176.97. 514,683 shares of the stock traded hands, compared to its average volume of 1,032,514. The company has a market capitalization of $24.32 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 2.15 and a beta of 1.22. The firm has a 50-day simple moving average of $181.41 and a 200-day simple moving average of $169.04. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. Dover Co. has a 12-month low of $127.25 and a 12-month high of $188.64.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.07. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 25.04% and a net margin of 17.28%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. As a group, analysts predict that Dover Co. will post 9.1 EPS for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Friday, May 31st. Dover’s payout ratio is 19.60%.

Dover 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.