TD Asset Management Inc Sells 340 Shares of Dover Corporation $DOV

TD Asset Management Inc lessened its holdings in Dover Corporation (NYSE:DOV) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,630 shares of the industrial products company’s stock after selling 340 shares during the quarter. TD Asset Management Inc’s holdings in Dover were worth $8,910,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of Dover by 707.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,986 shares of the industrial products company’s stock valued at $349,000 after purchasing an additional 1,740 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Dover by 10.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,622 shares of the industrial products company’s stock valued at $2,227,000 after purchasing an additional 1,160 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Dover by 45.4% in the 1st quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 187 shares in the last quarter. Heartland Bank & Trust Co acquired a new stake in shares of Dover in the 1st quarter valued at $739,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Dover by 77.9% in the 1st quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company’s stock valued at $107,677,000 after purchasing an additional 268,931 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 0.2%

Shares of NYSE:DOV opened at $166.44 on Monday. The firm has a market cap of $22.82 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.33 and a beta of 1.26. 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 business has a fifty day simple moving average of $172.60 and a 200 day simple moving average of $175.43.

Dover (NYSE:DOV) last announced its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. The business had revenue of $1.78 billion during the quarter. Dover had a return on equity of 18.19% and a net margin of 29.29%. Analysts predict 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 given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 1.2%. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio is 12.55%.

Analyst Ratings Changes

DOV has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Dover from $195.00 to $180.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Dover in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Citigroup reissued a “buy” rating and set a $226.00 price objective (up previously from $202.00) on shares of Dover in a report on Monday, July 14th. Finally, Barclays cut their price objective on Dover from $193.00 to $190.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $212.67.

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.