203 Shares in Dover Corporation $DOV Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC acquired a new stake in Dover Corporation (NYSE:DOV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 203 shares of the industrial products company’s stock, valued at approximately $37,000.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Dover by 62.1% in the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Dover by 45.4% during the 1st quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Dover by 104.5% during the 1st quarter. GAMMA Investing LLC now owns 3,205 shares of the industrial products company’s stock worth $563,000 after acquiring an additional 1,638 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Dover by 23.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,250 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 235 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in Dover by 3.8% during the 1st quarter. Sagespring Wealth Partners LLC now owns 2,595 shares of the industrial products company’s stock valued at $456,000 after purchasing an additional 95 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Citigroup reissued a “buy” rating and issued a $226.00 price target (up from $202.00) on shares of Dover in a research note on Monday, July 14th. Royal Bank Of Canada lifted their price target on shares of Dover from $203.00 to $206.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Barclays decreased their price target on shares of Dover from $193.00 to $190.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company reduced their price objective on shares of Dover from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dover has an average rating of “Moderate Buy” and a consensus price target of $212.42.

Dover Stock Performance

Dover stock opened at $162.58 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35. The company has a market cap of $22.29 billion, a PE ratio of 9.81, a P/E/G ratio of 1.28 and a beta of 1.26. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The company has a fifty day moving average price of $173.13 and a two-hundred day moving average price of $175.59.

Dover (NYSE:DOV) last issued its quarterly earnings data 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 for the quarter. Dover had a net margin of 29.29% and a return on equity of 18.19%. Research analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.52 dividend. This is an increase from Dover’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 1.3%. Dover’s dividend payout ratio is presently 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.