10,219 Shares in Dover Co. (NYSE:DOV) Acquired by Ascent Group LLC

Ascent Group LLC purchased a new stake in Dover Co. (NYSE:DOV) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,219 shares of the industrial products company’s stock, valued at approximately $1,811,000.

Several other institutional investors also recently made changes to their positions in the stock. LRI Investments LLC acquired a new position in Dover during the first quarter valued at approximately $28,000. AdvisorNet Financial Inc increased its stake in Dover by 783.3% during the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock worth $33,000 after buying an additional 188 shares during the period. Life Planning Partners Inc acquired a new position in Dover in the 4th quarter worth $35,000. Transcendent Capital Group LLC grew its stake in shares of Dover by 208.0% during the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 156 shares in the last quarter. Finally, Northwest Financial Advisors acquired a new stake in shares of Dover during the fourth quarter valued at about $36,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DOV. Mizuho increased their price target on Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird reiterated an “outperform” rating and set a $208.00 target price on shares of Dover in a research note on Monday, July 22nd. Royal Bank of Canada lifted their price target on shares of Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a research note on Friday. Oppenheimer increased their price objective on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.63.

Dover Stock Performance

DOV stock traded up $1.24 during trading on Monday, hitting $186.47. 930,955 shares of the company’s stock traded hands, compared to its average volume of 1,017,339. The stock has a fifty day moving average price of $181.51 and a two-hundred day moving average price of $173.13. The company has a quick ratio of 0.95, a current ratio of 1.53 and a debt-to-equity ratio of 0.55. Dover Co. has a 52 week low of $127.25 and a 52 week high of $192.31. The stock has a market capitalization of $25.63 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.15. Dover had a net margin of 17.58% and a return on equity of 24.94%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that Dover Co. will post 9.13 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, May 31st. Dover’s dividend payout ratio is presently 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.