Police & Firemen s Retirement System of New Jersey Boosts Holdings in Dover Corporation $DOV

Police & Firemen s Retirement System of New Jersey raised its position in shares of Dover Corporation (NYSE:DOV) by 3.8% during the second quarter, HoldingsChannel reports. The fund owned 20,711 shares of the industrial products company’s stock after acquiring an additional 764 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Dover were worth $3,795,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DOV. AdvisorShares Investments LLC bought a new position in Dover during the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC bought a new stake in Dover in the first quarter worth about $31,000. Harbour Investments Inc. boosted its position in shares of Dover by 51.7% during the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 60 shares during the period. Truvestments Capital LLC grew its stake in shares of Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after buying an additional 171 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of Dover in the second quarter worth approximately $33,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. Oppenheimer boosted their target price on shares of Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group set a $200.00 price target on shares of Dover in a research note on Friday, October 24th. Robert W. Baird set a $235.00 price objective on shares of Dover in a report on Friday, October 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Dover in a research report on Thursday. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus target price of $212.27.

Dover Stock Up 0.6%

NYSE:DOV opened at $183.07 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44. The firm has a market cap of $25.11 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The company has a 50-day moving average of $172.59 and a 200 day moving average of $177.86. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31.

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 during the quarter. As a group, research analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 28th. Dover’s dividend payout ratio (DPR) is 12.79%.

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.