Leeward Investments LLC MA Has $8.88 Million Holdings in Dover Corporation $DOV

Leeward Investments LLC MA cut its holdings in Dover Corporation (NYSE:DOV) by 1.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,474 shares of the industrial products company’s stock after selling 810 shares during the period. Leeward Investments LLC MA’s holdings in Dover were worth $8,882,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DOV. Nuveen LLC acquired a new position in Dover during the first quarter worth $526,081,000. Hsbc Holdings PLC increased its holdings in Dover by 77.9% during the first quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company’s stock worth $107,677,000 after buying an additional 268,931 shares during the last quarter. Strs Ohio acquired a new position in Dover during the first quarter worth $40,148,000. Allianz Asset Management GmbH increased its holdings in Dover by 647.4% during the second quarter. Allianz Asset Management GmbH now owns 255,648 shares of the industrial products company’s stock worth $46,842,000 after buying an additional 221,443 shares during the last quarter. Finally, Auto Owners Insurance Co increased its holdings in Dover by 4,768.6% during the first quarter. Auto Owners Insurance Co now owns 189,877 shares of the industrial products company’s stock worth $33,358,000 after buying an additional 185,977 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOV has been the topic of several research reports. Weiss Ratings downgraded shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Barclays upped their price objective on shares of Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Citigroup reiterated a “buy” rating and issued a $226.00 price objective (up from $202.00) on shares of Dover in a report on Monday, July 14th. Finally, Oppenheimer reduced their target price on shares of Dover from $225.00 to $220.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Dover Trading Down 2.0%

DOV opened at $177.64 on Friday. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The company has a 50-day simple moving average of $172.13 and a 200 day simple moving average of $176.03. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.40 and a beta of 1.26.

Dover (NYSE:DOV) last posted 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 during the quarter. Dover had a net margin of 28.37% and a return on equity of 17.91%. Analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend 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 dividend payout ratio (DPR) is currently 12.55%.

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.