Patton Albertson Miller Group LLC Has $3.49 Million Stock Holdings in Dover Corporation (NYSE:DOV)

Patton Albertson Miller Group LLC lowered its position in shares of Dover Corporation (NYSE:DOV) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,874 shares of the industrial products company’s stock after selling 199 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Dover were worth $3,491,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Ecofi Investissements SA boosted its position in Dover by 1.1% during the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company’s stock worth $765,000 after acquiring an additional 50 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Dover by 4.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 67 shares during the last quarter. Lido Advisors LLC boosted its position in Dover by 1.4% during the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company’s stock worth $923,000 after acquiring an additional 69 shares during the last quarter. Colonial Trust Co SC boosted its position in Dover by 11.1% during the 4th quarter. Colonial Trust Co SC now owns 720 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 72 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its position in Dover by 5.5% during the 1st quarter. Premier Path Wealth Partners LLC now owns 1,538 shares of the industrial products company’s stock worth $270,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 1.5%

DOV opened at $190.57 on Friday. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31. The stock’s fifty day simple moving average is $182.06 and its 200 day simple moving average is $183.16. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 0.36. The stock has a market cap of $26.13 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.06. Dover had a return on equity of 19.54% and a net margin of 28.85%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the business earned $1.95 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, May 30th. Dover’s payout ratio is 12.41%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Dover in a research report on Monday, April 14th. They set an “equal weight” rating and a $185.00 price target for the company. Citigroup reissued a “buy” rating and issued a $226.00 price objective (up previously from $202.00) on shares of Dover in a report on Monday. Robert W. Baird cut their price objective on Dover from $238.00 to $219.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Wells Fargo & Company increased their price objective on Dover from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Finally, Mizuho increased their price objective on Dover from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $208.58.

Dover Company 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.