Wilmington Savings Fund Society FSB Has $530,000 Position in Dover Corporation $DOV

Wilmington Savings Fund Society FSB boosted its holdings in Dover Corporation (NYSE:DOV) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,892 shares of the industrial products company’s stock after buying an additional 165 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Dover were worth $530,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Dover by 0.7% in the first quarter. Vanguard Group Inc. now owns 16,342,135 shares of the industrial products company’s stock valued at $2,870,986,000 after buying an additional 106,679 shares during the period. Nuveen LLC acquired a new stake in Dover in the first quarter worth $526,081,000. Invesco Ltd. raised its holdings in Dover by 7.9% in the first quarter. Invesco Ltd. now owns 1,272,690 shares of the industrial products company’s stock worth $223,586,000 after purchasing an additional 93,483 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Dover by 2.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 983,375 shares of the industrial products company’s stock worth $172,759,000 after purchasing an additional 19,387 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Dover by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 840,621 shares of the industrial products company’s stock worth $147,680,000 after purchasing an additional 12,518 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Wells Fargo & Company cut 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 increased 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. Barclays cut 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. Finally, Citigroup reiterated a “buy” rating and issued a $226.00 target price (up from $202.00) on shares of Dover in a report on Monday, July 14th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and an average target price of $212.67.

Dover Stock Up 0.2%

Shares of DOV stock opened at $166.44 on Friday. The firm has a fifty day moving average of $172.60 and a 200-day moving average of $175.37. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.32 and a beta of 1.26.

Dover (NYSE:DOV) last released its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. The business 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%. As a group, equities research analysts predict that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. This is an increase from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 29th. Dover’s payout ratio is 12.55%.

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.