Leeward Investments LLC MA Has $8.88 Million Position in Dover Corporation $DOV

Leeward Investments LLC MA trimmed its position in shares of Dover Corporation (NYSE:DOV) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,474 shares of the industrial products company’s stock after selling 810 shares during the quarter. Leeward Investments LLC MA’s holdings in Dover were worth $8,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. North Capital Inc. purchased a new position in Dover during the 1st quarter worth $29,000. N.E.W. Advisory Services LLC purchased a new position in Dover during the 1st quarter worth $31,000. Harbour Investments Inc. boosted its holdings 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 acquiring an additional 60 shares during the last quarter. Truvestments Capital LLC boosted its holdings in Dover by 1,005.9% during the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 171 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Dover in the 2nd quarter worth about $33,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group set a $200.00 price target on shares of Dover in a report on Friday. Barclays boosted their price target on shares of Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday. Robert W. Baird set a $235.00 price target on shares of Dover in a report on Friday. Weiss Ratings downgraded shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Royal Bank Of Canada boosted their price target on shares of Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.00.

Dover Trading Down 2.0%

Shares of Dover stock opened at $177.64 on Friday. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31. The stock’s 50-day simple moving average is $172.13 and its 200 day simple moving average is $176.03. The stock has a market capitalization of $24.36 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. Dover had a return on equity of 17.91% and a net margin of 28.37%.The business had revenue of $1.78 billion for the quarter. As a group, research analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.52 per share. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. Dover’s dividend payout ratio (DPR) is currently 12.55%.

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.