American Century Companies Inc. lessened its holdings in shares of Dover Corporation (NYSE:DOV) by 27.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,189 shares of the industrial products company’s stock after selling 33,741 shares during the quarter. American Century Companies Inc. owned about 0.06% of Dover Corporation worth $7,968,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of DOV. FMR LLC raised its stake in Dover Corporation by 9.1% during the 1st quarter. FMR LLC now owns 131,857 shares of the industrial products company’s stock valued at $10,594,000 after purchasing an additional 11,032 shares during the period. Gateway Investment Advisers LLC raised its stake in Dover Corporation by 2.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 10,577 shares of the industrial products company’s stock valued at $848,000 after purchasing an additional 234 shares during the period. State of Alaska Department of Revenue raised its stake in Dover Corporation by 8.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,189 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 240 shares during the period. Louisiana State Employees Retirement System raised its stake in Dover Corporation by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the industrial products company’s stock valued at $778,000 after purchasing an additional 100 shares during the period. Finally, Aperio Group LLC raised its stake in Dover Corporation by 7.5% during the 2nd quarter. Aperio Group LLC now owns 106,124 shares of the industrial products company’s stock valued at $8,513,000 after purchasing an additional 7,410 shares during the period. 85.66% of the stock is currently owned by institutional investors.
Dover Corporation (DOV) opened at $94.64 on Tuesday. The company has a market capitalization of $14,678.64, a P/E ratio of 26.10, a PEG ratio of 1.84 and a beta of 1.28. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.70. Dover Corporation has a 1-year low of $68.10 and a 1-year high of $97.09.
Dover Corporation (NYSE:DOV) last announced its earnings results on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, topping the Zacks’ 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 Corporation had a return on equity of 14.10% and a net margin of 8.91%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. research analysts forecast that Dover Corporation will post 3.94 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, November 29th. Dover Corporation’s dividend payout ratio (DPR) is 43.72%.
DOV has been the topic of several recent analyst reports. Robert W. Baird reissued a “buy” rating and set a $95.00 target price on shares of Dover Corporation in a research note on Tuesday, September 12th. BMO Capital Markets reissued a “buy” rating and set a $94.00 target price on shares of Dover Corporation in a research note on Sunday, August 27th. Zacks Investment Research raised Dover Corporation from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Tuesday, October 17th. BidaskClub downgraded Dover Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $92.00 target price on shares of Dover Corporation in a research note on Tuesday, October 17th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Dover Corporation presently has a consensus rating of “Hold” and an average target price of $94.69.
In other news, SVP Stephen Gary Kennon sold 2,359 shares of Dover Corporation stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $94.40, for a total value of $222,689.60. Following the completion of the transaction, the senior vice president now owns 5,192 shares in the company, valued at approximately $490,124.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paul Goldberg sold 2,430 shares of Dover Corporation stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $93.50, for a total value of $227,205.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,189 shares of company stock valued at $5,657,846. Company insiders own 2.50% of the company’s stock.
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Dover Corporation 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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