Dover Corp (NYSE:DOV) insider Stephen Gary Kennon sold 15,702 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $102.01, for a total value of $1,601,761.02. The sale was disclosed in a filing with the SEC, which is available through this link.
Dover Corp (DOV) opened at $102.73 on Friday. Dover Corp has a 1 year low of $75.51 and a 1 year high of $109.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.01. The company has a market capitalization of $15,760.55, a price-to-earnings ratio of 25.33, a PEG ratio of 1.34 and a beta of 1.28.
Dover (NYSE:DOV) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.09. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. Dover had a return on equity of 15.24% and a net margin of 10.37%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. research analysts anticipate that Dover Corp will post 5.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.88 annualized dividend and a dividend yield of 1.83%. Dover’s dividend payout ratio (DPR) is presently 36.50%.
A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised their price target on Dover from $116.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley raised their price target on Dover from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. SunTrust Banks raised their price target on Dover to $106.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. ValuEngine lowered Dover from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Friday, February 2nd. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $107.83.
Hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in Dover in the 4th quarter worth about $133,000. Benjamin F. Edwards & Company Inc. raised its holdings in Dover by 388.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 1,347 shares during the period. Tower Research Capital LLC TRC raised its holdings in Dover by 891.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 1,596 shares during the period. Cape Cod Five Cents Savings Bank acquired a new position in Dover in the 3rd quarter worth about $201,000. Finally, NBT Bank N A NY acquired a new position in Dover in the 3rd quarter worth about $202,000. 87.22% of the stock is owned by institutional investors and hedge funds.
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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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