Harfst & Associates Inc. Boosts Stock Position in Dover Corporation $DOV

Harfst & Associates Inc. lifted its position in Dover Corporation (NYSE:DOV - Free Report) by 136.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,808 shares of the industrial products company's stock after purchasing an additional 5,084 shares during the quarter. Harfst & Associates Inc.'s holdings in Dover were worth $1,614,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors also recently bought and sold shares of DOV. Brighton Jones LLC increased its stake in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after acquiring an additional 1,128 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Dover by 1.8% in the first quarter. Avantax Advisory Services Inc. now owns 6,323 shares of the industrial products company's stock valued at $1,111,000 after purchasing an additional 110 shares during the last quarter. Cetera Investment Advisers grew its position in Dover by 0.5% during the 1st quarter. Cetera Investment Advisers now owns 27,256 shares of the industrial products company's stock worth $4,788,000 after purchasing an additional 136 shares during the period. LPL Financial LLC raised its stake in shares of Dover by 37.9% during the 1st quarter. LPL Financial LLC now owns 199,486 shares of the industrial products company's stock valued at $35,046,000 after buying an additional 54,807 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Dover by 72.2% in the 1st quarter. Mackenzie Financial Corp now owns 22,915 shares of the industrial products company's stock valued at $4,026,000 after buying an additional 9,607 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DOV. Oppenheimer raised their target price on Dover from $225.00 to $228.00 and gave the stock an "outperform" rating in a report on Friday, November 14th. Morgan Stanley lifted their target price on shares of Dover from $185.00 to $195.00 and gave the company an "equal weight" rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. increased their price target on shares of Dover from $217.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, October 15th. Wells Fargo & Company lifted their price objective on shares of Dover from $180.00 to $190.00 and gave the company an "equal weight" rating in a report on Friday, October 24th. Finally, Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.27.

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Read Our Latest Stock Report on DOV

Dover Stock Performance

Shares of NYSE:DOV opened at $186.28 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The firm has a market capitalization of $25.55 billion, a PE ratio of 11.46, a P/E/G ratio of 1.40 and a beta of 1.29. The business's 50 day moving average price is $173.81 and its 200-day moving average price is $178.34.

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Dover (NYSE:DOV - Get Free Report) last released its 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 business had revenue of $1.78 billion for the quarter. As a group, equities research analysts expect that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 28th. Dover's payout ratio is currently 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.

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