Vanguard Personalized Indexing Management LLC Buys 5,344 Shares of Dover Corporation $DOV

Vanguard Personalized Indexing Management LLC raised its stake in shares of Dover Corporation (NYSE:DOV) by 34.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,998 shares of the industrial products company’s stock after purchasing an additional 5,344 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Dover were worth $3,848,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DOV. Nuveen LLC bought a new stake in shares of Dover in the 1st quarter worth approximately $526,081,000. Hsbc Holdings PLC lifted its holdings in shares of Dover by 77.9% in the 1st quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company’s stock worth $107,677,000 after acquiring an additional 268,931 shares during the last quarter. Strs Ohio bought a new stake in shares of Dover in the 1st quarter worth approximately $40,148,000. Auto Owners Insurance Co lifted its holdings in shares of Dover by 4,768.6% in the 1st quarter. Auto Owners Insurance Co now owns 189,877 shares of the industrial products company’s stock worth $33,358,000 after acquiring an additional 185,977 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Dover by 595.2% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 183,436 shares of the industrial products company’s stock worth $33,611,000 after acquiring an additional 157,050 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Up 0.9%

NYSE:DOV opened at $162.58 on Wednesday. The company has a fifty day moving average of $173.13 and a 200 day moving average of $175.59. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $22.29 billion, a P/E ratio of 9.81, a P/E/G ratio of 1.28 and a beta of 1.26.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. The company had revenue of $1.78 billion during the quarter. Dover had a net margin of 29.29% and a return on equity of 18.19%. On average, research analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is presently 12.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup restated a “buy” rating and issued a $226.00 price objective (up from $202.00) on shares of Dover in a report on Monday, July 14th. Barclays lowered their price objective on shares of Dover from $193.00 to $190.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Robert W. Baird boosted their price objective on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Dover from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, Wells Fargo & Company lowered their price target on shares of Dover from $195.00 to $180.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average price target of $212.42.

About Dover

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.