Dover Corporation $DOV Shares Acquired by L & S Advisors Inc

L & S Advisors Inc increased its stake in shares of Dover Corporation (NYSE:DOV) by 55.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,352 shares of the industrial products company’s stock after acquiring an additional 12,999 shares during the period. L & S Advisors Inc’s holdings in Dover were worth $6,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Clearstead Trust LLC grew its stake in shares of Dover by 29.9% during the 2nd quarter. Clearstead Trust LLC now owns 387 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 89 shares during the period. Thompson Davis & CO. Inc. grew its position in Dover by 0.3% during the second quarter. Thompson Davis & CO. Inc. now owns 20,987 shares of the industrial products company’s stock valued at $3,845,000 after buying an additional 67 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in Dover by 3.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 20,711 shares of the industrial products company’s stock valued at $3,795,000 after buying an additional 764 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Dover during the 2nd quarter worth about $261,000. Finally, Geode Capital Management LLC increased its stake in shares of Dover by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,453,121 shares of the industrial products company’s stock valued at $629,996,000 after purchasing an additional 33,539 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DOV shares. Morgan Stanley lifted their price target on shares of Dover from $185.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. Oppenheimer decreased their target price on Dover from $225.00 to $220.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Robert W. Baird set a $235.00 price objective on Dover in a research note on Friday, October 24th. Finally, Wells Fargo & Company upped their target price on shares of Dover from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $211.55.

Dover Stock Down 0.9%

Shares of DOV opened at $181.94 on Friday. 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 1.44, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $172.48 and a two-hundred day simple moving average of $177.66. The company has a market capitalization of $24.95 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29.

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

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.52 dividend. The ex-dividend date is Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. Dover’s dividend payout ratio is currently 12.79%.

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.