Quadrant Capital Group LLC Buys 1,282 Shares of Dover Corporation $DOV

Quadrant Capital Group LLC increased its holdings in shares of Dover Corporation (NYSE:DOV) by 36.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,774 shares of the industrial products company’s stock after acquiring an additional 1,282 shares during the quarter. Quadrant Capital Group LLC’s holdings in Dover were worth $875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Dover by 62.1% during the fourth 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 last quarter. Cetera Investment Advisers boosted its position in Dover by 0.5% during the 1st quarter. Cetera Investment Advisers now owns 27,256 shares of the industrial products company’s stock valued at $4,788,000 after acquiring an additional 136 shares in the last quarter. LPL Financial LLC lifted its position in Dover by 37.9% during the first quarter. LPL Financial LLC now owns 199,486 shares of the industrial products company’s stock valued at $35,046,000 after buying an additional 54,807 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Dover by 49.9% during the first quarter. Arkadios Wealth Advisors now owns 2,281 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 759 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Dover by 0.6% in the first quarter. Natixis Advisors LLC now owns 86,407 shares of the industrial products company’s stock worth $15,180,000 after buying an additional 499 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOV has been the subject of several research analyst reports. Royal Bank Of Canada lifted their target price on Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. UBS Group set a $200.00 price objective on Dover in a report on Friday, October 24th. Oppenheimer increased their price target on Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Barclays boosted their price target on shares of Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Finally, Wells Fargo & Company lifted their price target on shares of Dover from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $212.27.

Dover Price Performance

NYSE DOV opened at $185.28 on Monday. The stock has a 50-day simple moving average of $174.36 and a 200 day simple moving average of $178.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The stock has a market capitalization of $25.41 billion, a PE ratio of 11.39, a P/E/G ratio of 1.40 and a beta of 1.29.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The company had revenue of $1.78 billion for the quarter. Research analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. Dover’s dividend payout ratio (DPR) is presently 12.79%.

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.