Dover (NYSE:DOV) SVP Ivonne Cabrera Sells 2,630 Shares

Dover Corporation (NYSE:DOV) SVP Ivonne Cabrera sold 2,630 shares of Dover stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the completion of the transaction, the senior vice president owned 72,968 shares of the company’s stock, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dover Price Performance

Shares of DOV stock opened at $190.93 on Friday. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The stock has a market capitalization of $26.19 billion, a PE ratio of 11.74, a PEG ratio of 1.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04. The stock’s fifty day moving average is $176.45 and its 200-day moving average is $178.53.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The business had revenue of $1.78 billion during the quarter. Equities research analysts expect that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 28th. Dover’s dividend payout ratio is 12.79%.

Institutional Investors Weigh In On Dover

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in shares of Dover by 27.3% in the 3rd quarter. Allworth Financial LP now owns 4,109 shares of the industrial products company’s stock valued at $686,000 after acquiring an additional 881 shares in the last quarter. Swiss Life Asset Management Ltd increased its position in shares of Dover by 162.9% in the third quarter. Swiss Life Asset Management Ltd now owns 57,682 shares of the industrial products company’s stock worth $9,623,000 after purchasing an additional 35,745 shares during the last quarter. Groupama Asset Managment raised its stake in Dover by 16.3% in the third quarter. Groupama Asset Managment now owns 10,415 shares of the industrial products company’s stock valued at $1,738,000 after purchasing an additional 1,458 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Dover by 3.7% during the third quarter. CIBC Private Wealth Group LLC now owns 22,757 shares of the industrial products company’s stock valued at $3,797,000 after purchasing an additional 807 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Dover in the 3rd quarter worth approximately $3,156,000. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DOV shares. JPMorgan Chase & Co. raised their price target on shares of Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Robert W. Baird set a $235.00 target price on Dover in a research note on Friday, October 24th. Royal Bank Of Canada boosted their target price on Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Oppenheimer raised their price target on Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Dover in a research report on Monday. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Dover has an average rating of “Hold” and a consensus target price of $210.83.

Dover Company 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.