Dover Corp (NYSE:DOV) SVP Patrick Burns purchased 510 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of $97.51 per share, with a total value of $49,730.10. Following the completion of the acquisition, the senior vice president now owns 1,883 shares of the company’s stock, valued at approximately $183,611.33. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Patrick Burns also recently made the following trade(s):
- On Monday, March 5th, Patrick Burns acquired 125 shares of Dover stock. The shares were acquired at an average cost of $97.41 per share, for a total transaction of $12,176.25.
Shares of Dover Corp (DOV) traded down $1.61 during trading hours on Wednesday, hitting $99.00. 1,050,000 shares of the stock traded hands, compared to its average volume of 1,300,000. Dover Corp has a 52 week low of $75.97 and a 52 week 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 firm has a market cap of $15,290.00, a P/E ratio of 20.54, a PEG ratio of 1.33 and a beta of 1.28.
Dover (NYSE:DOV) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.09. Dover had a net margin of 10.37% and a return on equity of 15.24%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. equities research analysts predict that Dover Corp will post 5.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors 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 dividend on an annualized basis and a dividend yield of 1.90%. Dover’s dividend payout ratio is 39.00%.
Institutional investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new position in shares of Dover in the fourth quarter valued at about $133,000. Tower Research Capital LLC TRC raised its holdings in shares of Dover by 891.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock valued at $179,000 after buying an additional 1,596 shares during the last quarter. Somerville Kurt F bought a new position in shares of Dover in the fourth quarter valued at about $202,000. Associated Banc Corp bought a new position in shares of Dover in the fourth quarter valued at about $202,000. Finally, Hemenway Trust Co LLC bought a new position in shares of Dover in the fourth quarter valued at about $203,000. 88.32% of the stock is owned by institutional investors and hedge funds.
DOV has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Dover in a research report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating and issued a $112.00 price target (up previously from $100.00) on shares of Dover in a research report on Tuesday, January 16th. ValuEngine lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seaport Global Securities reissued a “hold” rating and issued a $110.00 price target on shares of Dover in a research report on Friday, February 2nd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $105.00 price objective on shares of Dover in a research note on Wednesday, January 17th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $107.83.
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Dover Company Profile
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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