WINTON GROUP Ltd boosted its stake in shares of Dover Corporation (NYSE:DOV) by 55.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,820 shares of the industrial products company’s stock after buying an additional 2,775 shares during the period. WINTON GROUP Ltd’s holdings in Dover were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Dover by 2.3% during the second quarter. Vanguard Group Inc. now owns 16,549,433 shares of the industrial products company’s stock worth $1,327,596,000 after buying an additional 370,572 shares during the period. BlackRock Inc. increased its position in shares of Dover by 3.9% during the second quarter. BlackRock Inc. now owns 10,314,301 shares of the industrial products company’s stock worth $827,412,000 after purchasing an additional 389,449 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Dover by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company’s stock worth $531,702,000 after purchasing an additional 848,098 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Dover by 0.3% during the third quarter. Pzena Investment Management LLC now owns 5,613,811 shares of the industrial products company’s stock worth $513,046,000 after purchasing an additional 14,504 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Dover by 2.3% during the third quarter. Wells Fargo & Company MN now owns 3,205,690 shares of the industrial products company’s stock worth $292,968,000 after purchasing an additional 73,375 shares in the last quarter. Institutional investors own 84.60% of the company’s stock.
Shares of Dover Corporation (NYSE DOV) opened at $96.28 on Thursday. Dover Corporation has a 1-year low of $74.53 and a 1-year high of $98.60. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.32 and a quick ratio of 0.87. The company has a market cap of $14,948.16, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.29.
Dover (NYSE:DOV) last posted its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.05. Dover had a net margin of 8.91% and a return on equity of 14.10%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. equities research analysts anticipate that Dover Corporation will post 3.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, November 29th. Dover’s payout ratio is currently 43.72%.
In other news, VP William T. Bosway sold 6,087 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total transaction of $576,195.42. Following the sale, the vice president now directly owns 21,877 shares of the company’s stock, valued at approximately $2,070,876.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael B. Stubbs sold 41,505 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the sale, the director now directly owns 275,344 shares in the company, valued at $26,342,160.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,276 shares of company stock worth $6,234,042. Corporate insiders own 2.50% of the company’s stock.
Several equities analysts recently issued reports on the company. ValuEngine downgraded Dover from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. SunTrust Banks reaffirmed a “hold” rating and issued a $96.00 price target on shares of Dover in a report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $92.00 price target on shares of Dover in a report on Tuesday, October 17th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $96.00 price target (up from $90.00) on shares of Dover in a report on Monday, October 9th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Dover has a consensus rating of “Hold” and an average target price of $94.69.
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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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