Game Plan Financial Advisors LLC Sells 8,397 Shares of Dover Corporation $DOV

Game Plan Financial Advisors LLC reduced its stake in Dover Corporation (NYSE:DOV) by 97.8% during the 1st quarter, Holdings Channel reports. The fund owned 187 shares of the industrial products company’s stock after selling 8,397 shares during the period. Game Plan Financial Advisors LLC’s holdings in Dover were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. North Capital Inc. bought a new position in Dover in the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC bought a new position in Dover in the 1st quarter valued at about $31,000. Truvestments Capital LLC raised its holdings in Dover by 1,005.9% in the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 171 shares during the period. Costello Asset Management INC bought a new position in Dover in the 1st quarter valued at about $35,000. Finally, Orion Capital Management LLC bought a new position in Dover in the 4th quarter valued at about $43,000. 84.46% of the stock is owned by institutional investors.

Dover Stock Performance

NYSE DOV opened at $177.86 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $24.39 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.42 and a beta of 1.27. The firm’s 50 day simple moving average is $182.28 and its 200 day simple moving average is $178.66. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.05. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a net margin of 29.29% and a return on equity of 18.19%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, research analysts expect that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DOV. JPMorgan Chase & Co. increased their target price on shares of Dover from $211.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Citigroup reaffirmed a “buy” rating and set a $226.00 target price (up from $202.00) on shares of Dover in a report on Monday, July 14th. Mizuho raised their target price on shares of Dover from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, June 13th. Royal Bank Of Canada raised their target price on shares of Dover from $203.00 to $206.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Finally, Wells Fargo & Company raised their target price on shares of Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.92.

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.