IFP Advisors Inc Sells 663 Shares of Dover Corporation $DOV

IFP Advisors Inc lowered its position in shares of Dover Corporation (NYSE:DOV) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,863 shares of the industrial products company’s stock after selling 663 shares during the quarter. IFP Advisors Inc’s holdings in Dover were worth $1,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOV. North Capital Inc. bought a new position in shares of Dover during the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC bought a new position in shares of Dover during the 1st quarter worth about $31,000. Truvestments Capital LLC boosted its position in shares of 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 purchasing an additional 171 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new position in shares of Dover during the 2nd quarter worth about $33,000. Finally, Costello Asset Management INC bought a new position in shares of Dover during the 1st quarter worth about $35,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.4%

NYSE:DOV opened at $161.64 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.26. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The firm has a 50-day moving average price of $173.71 and a two-hundred day moving average price of $175.77.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. The firm 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, equities analysts expect that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.52 dividend. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 1.3%. Dover’s dividend payout ratio (DPR) is 12.55%.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Barclays lowered their target price on shares of Dover from $193.00 to $190.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company lowered their target price on shares of Dover from $195.00 to $180.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada upped 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, Weiss Ratings restated a “buy (b-)” rating on shares of Dover in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Dover has an average rating of “Moderate Buy” and an average target price of $212.42.

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.