Dover Corp (NYSE:DOV) insider Stephen Gary Kennon sold 15,702 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this link.
Dover Corp (NYSE DOV) traded up $2.08 during trading on Thursday, reaching $102.06. The company’s stock had a trading volume of 1,470,000 shares, compared to its average volume of 1,250,000. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $15,900.00, a P/E ratio of 21.17, a PEG ratio of 1.32 and a beta of 1.28. Dover Corp has a 1 year low of $75.51 and a 1 year high of $109.06.
Dover (NYSE:DOV) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $2.02 billion during 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 business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. equities research analysts forecast that Dover Corp will post 5.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.88 annualized dividend and a yield of 1.84%. Dover’s dividend payout ratio is presently 39.00%.
Several analysts recently weighed in on DOV shares. ValuEngine downgraded Dover from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus restated a “hold” rating and set a $100.00 price objective on shares of Dover in a research report on Thursday, December 14th. Royal Bank of Canada restated a “hold” rating and set a $100.00 price objective on shares of Dover in a research report on Thursday, January 4th. Zacks Investment Research upgraded Dover from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Friday, January 19th. Finally, UBS Group started coverage on Dover in a research report on Monday, January 22nd. They set a “neutral” rating for the company. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $107.83.
A number of institutional investors have recently bought and sold shares of the business. NewFocus Financial Group LLC raised its position in Dover by 1.4% in the fourth quarter. NewFocus Financial Group LLC now owns 39,187 shares of the industrial products company’s stock valued at $3,957,000 after purchasing an additional 528 shares during the last quarter. Reilly Herbert Faulkner III raised its position in Dover by 1.1% in the fourth quarter. Reilly Herbert Faulkner III now owns 47,655 shares of the industrial products company’s stock valued at $4,813,000 after purchasing an additional 529 shares during the last quarter. Commonwealth Equity Services Inc raised its position in Dover by 5.3% in the third quarter. Commonwealth Equity Services Inc now owns 11,590 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 582 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Dover by 4.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,707 shares of the industrial products company’s stock valued at $1,384,000 after purchasing an additional 584 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Dover by 18.2% in the second quarter. Macquarie Group Ltd. now owns 3,900 shares of the industrial products company’s stock valued at $313,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.
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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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