PFG Investments LLC Has $242,000 Holdings in Dover Corporation (NYSE:DOV)

PFG Investments LLC trimmed its holdings in Dover Corporation (NYSE:DOV) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,380 shares of the industrial products company’s stock after selling 74 shares during the period. PFG Investments LLC’s holdings in Dover were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOV. Brighton Jones LLC raised its position 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 valued at $552,000 after buying an additional 1,128 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Dover by 2.3% in the fourth quarter. Private Advisor Group LLC now owns 9,345 shares of the industrial products company’s stock valued at $1,753,000 after buying an additional 206 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in Dover by 1.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 5,279 shares of the industrial products company’s stock valued at $990,000 after acquiring an additional 75 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Dover by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,787 shares of the industrial products company’s stock valued at $2,211,000 after acquiring an additional 70 shares during the last quarter. Finally, SRN Advisors LLC bought a new position in Dover in the fourth quarter valued at approximately $228,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

NYSE DOV opened at $180.19 on Thursday. The firm’s fifty day moving average price is $175.99 and its two-hundred day moving average price is $183.91. The stock has a market cap of $24.70 billion, a PE ratio of 10.85, a PEG ratio of 1.73 and a beta of 1.27. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.06. Dover had a net margin of 28.85% and a return on equity of 19.54%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, equities analysts expect that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.515 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.14%. Dover’s dividend payout ratio is 12.41%.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $176.00 price objective on shares of Dover in a research note on Friday, April 25th. Morgan Stanley initiated coverage on shares of Dover in a research note on Monday, April 14th. They issued an “equal weight” rating and a $185.00 price objective on the stock. Mizuho lifted their price objective on shares of Dover from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. Robert W. Baird decreased their price objective on shares of Dover from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, Citigroup decreased their price objective on shares of Dover from $244.00 to $201.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and an average price target of $208.58.

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.