OLD National Bancorp IN bought a new position in shares of Dover Corp (NYSE:DOV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,693 shares of the industrial products company’s stock, valued at approximately $1,282,000.
Several other hedge funds have also recently bought and sold shares of DOV. AHL Partners LLP boosted its position in shares of Dover by 39.2% in the 2nd quarter. AHL Partners LLP now owns 11,702 shares of the industrial products company’s stock worth $939,000 after purchasing an additional 3,293 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Dover by 18.2% in the 2nd quarter. Macquarie Group Ltd. now owns 3,900 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 600 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Dover by 30.3% in the 2nd quarter. Janus Henderson Group PLC now owns 26,854 shares of the industrial products company’s stock worth $2,154,000 after purchasing an additional 6,251 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Dover by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 185,354 shares of the industrial products company’s stock worth $14,869,000 after purchasing an additional 7,949 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Dover in the 2nd quarter worth approximately $236,000. Hedge funds and other institutional investors own 84.24% of the company’s stock.
Shares of Dover Corp (NYSE DOV) opened at $98.27 on Tuesday. The firm has a market cap of $15,033.21, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.40. Dover Corp has a 12 month low of $75.51 and a 12 month high of $109.06.
Dover (NYSE:DOV) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. Dover had a return on equity of 15.24% and a net margin of 10.37%. Dover’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. equities research analysts predict 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 paid 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 1.91%. Dover’s dividend payout ratio (DPR) is 36.50%.
A number of analysts have recently commented on DOV shares. BMO Capital Markets reissued a “buy” rating on shares of Dover in a research report on Friday, January 26th. Zacks Investment Research cut Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Dover in a research report on Thursday, December 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Dover in a research report on Wednesday, January 17th. Finally, UBS Group initiated coverage on Dover in a research report on Monday, January 22nd. They issued a “neutral” rating on the stock. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Dover has a consensus rating of “Hold” and a consensus price target of $104.42.
In other news, SVP Stephen Gary Kennon sold 2,359 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 5,192 shares in the company, valued at approximately $490,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William T. Bosway sold 6,087 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the sale, the vice president now owns 21,877 shares of the company’s stock, valued at $2,070,876.82. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
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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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