Tredje AP fonden lessened its position in Dover Corporation (NYSE:DOV) by 55.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,180 shares of the industrial products company’s stock after selling 6,430 shares during the period. Tredje AP fonden’s holdings in Dover were worth $473,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its position in Dover by 15.1% during the 2nd quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock worth $139,000 after buying an additional 227 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Dover by 388.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock worth $155,000 after buying an additional 1,347 shares in the last quarter. Penserra Capital Management LLC lifted its position in Dover by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,236 shares of the industrial products company’s stock worth $179,000 after buying an additional 258 shares in the last quarter. First Mercantile Trust Co. lifted its position in Dover by 10.1% during the 2nd quarter. First Mercantile Trust Co. now owns 2,327 shares of the industrial products company’s stock worth $187,000 after buying an additional 213 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank acquired a new position in Dover during the 3rd quarter worth about $201,000. Institutional investors own 84.60% of the company’s stock.
Shares of Dover Corporation (DOV) traded up $1.89 during trading hours on Friday, reaching $98.60. The company’s stock had a trading volume of 1,840,117 shares, compared to its average volume of 788,728. The company has a market cap of $15,360.99, a PE ratio of 27.31, a P/E/G ratio of 1.93 and a beta of 1.29. Dover Corporation has a 12-month low of $74.53 and a 12-month high of $99.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.32 and a quick ratio of 0.87.
Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Dover had a return on equity of 14.10% and a net margin of 8.91%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. sell-side analysts expect that Dover Corporation will post 3.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.88 annualized dividend and a yield of 1.91%. Dover’s dividend payout ratio is currently 43.72%.
Several research analysts recently issued reports on DOV shares. Royal Bank Of Canada reiterated a “hold” rating and set a $91.00 price target on shares of Dover in a research report on Wednesday, September 6th. SunTrust Banks reiterated a “hold” rating and set a $90.00 price target on shares of Dover in a research report on Thursday, October 12th. J P Morgan Chase & Co upgraded shares of Dover from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $105.00 in a research report on Wednesday, September 20th. Zacks Investment Research downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Morgan Stanley upped their price target on shares of Dover from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 19th. Thirteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Dover has a consensus rating of “Hold” and an average target price of $94.69.
In other Dover news, SVP Stephen Gary Kennon sold 2,359 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $94.40, for a total transaction of $222,689.60. Following the completion of the sale, the senior vice president now directly owns 5,192 shares of the company’s stock, valued at approximately $490,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael B. Stubbs sold 41,505 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total value of $3,970,783.35. Following the sale, the director now directly owns 275,344 shares of the company’s stock, valued at $26,342,160.48. The disclosure for this sale can be found here. Insiders have sold a total of 65,276 shares of company stock valued at $6,234,042 over the last three months. Company insiders own 2.50% of the company’s stock.
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Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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