Gen Wealth Partners Inc Sells 117 Shares of Dover Corporation (NYSE:DOV)

Gen Wealth Partners Inc lessened its holdings in Dover Corporation (NYSE:DOV) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,910 shares of the industrial products company’s stock after selling 117 shares during the period. Gen Wealth Partners Inc’s holdings in Dover were worth $511,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. North Capital Inc. bought a new position in Dover during the first quarter valued at $29,000. N.E.W. Advisory Services LLC bought a new position in Dover during the first quarter valued at $31,000. Costello Asset Management INC bought a new position in Dover during the first quarter valued at $35,000. Orion Capital Management LLC bought a new position in Dover during the fourth quarter valued at $43,000. Finally, SouthState Corp bought a new position in Dover during the first quarter valued at $43,000. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

DOV has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their target price on shares of Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Barclays boosted their target price on shares of Dover from $185.00 to $193.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada boosted their target price on shares of Dover from $203.00 to $206.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $213.92.

Dover Stock Down 1.6%

NYSE:DOV opened at $176.51 on Friday. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a 50-day moving average of $182.30 and a 200 day moving average of $181.65. The firm has a market cap of $24.20 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm earned $2.36 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 29th. Dover’s payout ratio is currently 12.42%.

Dover 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.