Dover Corp (NYSE:DOV) VP Paul Goldberg sold 3,300 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $102.00, for a total transaction of $336,600.00. Following the sale, the vice president now directly owns 4,545 shares in the company, valued at $463,590. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Dover Corp (DOV) opened at $99.00 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.40. The stock has a market cap of $15,538.18, a PE ratio of 24.97, a PEG ratio of 1.32 and a beta of 1.28. Dover Corp has a 1-year low of $76.23 and a 1-year high of $109.06.
Dover (NYSE:DOV) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. Dover had a net margin of 10.37% and a return on equity of 15.24%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. sell-side analysts forecast that Dover Corp will post 5.85 earnings per share for the current year.
The firm also recently disclosed 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, February 27th. Dover’s payout ratio is 36.50%.
Several analysts recently commented on DOV shares. BMO Capital Markets reissued a “buy” rating on shares of Dover in a research report on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating and set a $112.00 price objective (up from $100.00) on shares of Dover in a research report on Tuesday, January 16th. ValuEngine downgraded 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 set a $110.00 price objective on shares of Dover in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $105.00 price target on shares of Dover in a report on Wednesday, January 17th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $107.83.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC purchased a new position in shares of Dover in the fourth quarter worth approximately $133,000. Tower Research Capital LLC TRC boosted 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 worth $179,000 after buying an additional 1,596 shares during the last quarter. Somerville Kurt F purchased a new position in shares of Dover in the fourth quarter worth approximately $202,000. Associated Banc Corp purchased a new position in shares of Dover in the fourth quarter worth approximately $202,000. Finally, Hemenway Trust Co LLC purchased a new position in shares of Dover in the fourth quarter worth approximately $203,000. 88.32% of the stock is currently owned by institutional investors.
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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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