Kingswood Wealth Advisors LLC Has $420,000 Stock Holdings in Dover Co. (NYSE:DOV)

Kingswood Wealth Advisors LLC raised its stake in Dover Co. (NYSE:DOV) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,327 shares of the industrial products company’s stock after purchasing an additional 316 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Dover were worth $420,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DOV. BSW Wealth Partners lifted its position in shares of Dover by 1.2% during the 1st quarter. BSW Wealth Partners now owns 4,930 shares of the industrial products company’s stock valued at $874,000 after acquiring an additional 59 shares during the period. Summit Trail Advisors LLC raised its position in shares of Dover by 2.6% in the 1st quarter. Summit Trail Advisors LLC now owns 2,333 shares of the industrial products company’s stock valued at $413,000 after buying an additional 60 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Dover by 5.4% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,213 shares of the industrial products company’s stock worth $215,000 after acquiring an additional 62 shares during the period. Legacy Financial Advisors Inc. boosted its position in shares of Dover by 1.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 3,753 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 63 shares in the last quarter. Finally, CWM LLC increased its stake in Dover by 2.7% in the first quarter. CWM LLC now owns 2,456 shares of the industrial products company’s stock valued at $435,000 after acquiring an additional 65 shares during the last quarter. 84.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Mizuho upped their price objective on shares of Dover from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Oppenheimer raised their target price on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays upped their price target on shares of Dover from $180.00 to $186.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, Robert W. Baird reissued an “outperform” rating and set a $208.00 price objective on shares of Dover in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.63.

Dover Trading Down 1.1 %

Shares of DOV stock traded down $2.00 during trading hours on Wednesday, hitting $172.48. 639,148 shares of the company were exchanged, compared to its average volume of 1,014,290. The company has a 50 day simple moving average of $180.73 and a two-hundred day simple moving average of $174.48. The firm has a market cap of $23.70 billion, a P/E ratio of 16.76, a P/E/G ratio of 2.13 and a beta of 1.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.53. Dover Co. has a fifty-two week low of $127.25 and a fifty-two week high of $192.31.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.15. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company posted $2.05 earnings per share. Equities analysts anticipate that Dover Co. will post 9.15 EPS for the current year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from Dover’s previous quarterly dividend of $0.51. Dover’s dividend payout ratio (DPR) is 19.60%.

Insider Activity

In related news, CFO Brad M. Cerepak sold 4,341 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $184.59, for a total value of $801,305.19. Following the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,274,887.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

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.