Toronto Dominion Bank boosted its stake in shares of Dover Corp (NYSE:DOV) by 15.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,687 shares of the industrial products company’s stock after purchasing an additional 13,418 shares during the period. Toronto Dominion Bank owned approximately 0.07% of Dover worth $9,348,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Lavaca Capital LLC acquired a new position in shares of Dover in the 4th quarter valued at about $25,000. Riverview Trust Co acquired a new position in shares of Dover in the 4th quarter valued at about $26,000. Capital Financial Planning LLC acquired a new position in shares of Dover in the 4th quarter valued at about $27,000. Private Capital Group LLC boosted its holdings in shares of Dover by 252.2% in the 4th quarter. Private Capital Group LLC now owns 398 shares of the industrial products company’s stock valued at $28,000 after buying an additional 285 shares during the period. Finally, Pinnacle Bank acquired a new position in shares of Dover in the 4th quarter valued at about $28,000. 84.96% of the stock is currently owned by institutional investors.
Several research firms have recently commented on DOV. Robert W. Baird lowered shares of Dover from an “outperform” rating to a “neutral” rating in a report on Monday, April 22nd. Zacks Investment Research raised shares of Dover from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a report on Wednesday, April 24th. Barclays lifted their price target on shares of Dover from $93.00 to $99.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. ValuEngine raised shares of Dover from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Finally, Morgan Stanley lifted their price objective on shares of Dover from $97.00 to $101.00 and gave the company an “equal weight” rating in a research report on Monday, April 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Dover has a consensus rating of “Hold” and an average price target of $94.10.
Shares of DOV stock traded down $0.22 during midday trading on Tuesday, reaching $96.37. 744,068 shares of the company were exchanged, compared to its average volume of 1,040,197. Dover Corp has a 12 month low of $65.83 and a 12 month high of $99.46. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.46 and a beta of 1.47. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 1.04.
Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.12. Dover had a net margin of 7.69% and a return on equity of 28.48%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm earned $0.90 EPS. Dover’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts predict that Dover Corp will post 5.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.99%. Dover’s dividend payout ratio (DPR) is 38.63%.
Dover Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.