Dover Corp (NYSE:DOV) VP Paul Goldberg Sells 3,300 Shares

Dover Corp (NYSE:DOV) VP Paul Goldberg sold 3,300 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $102.00, for a total value of $336,600.00. Following the transaction, the vice president now directly owns 4,545 shares of the company’s stock, valued at $463,590. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

DOV opened at $93.19 on Friday. 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 cap of $14,999.24, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.27 and a beta of 1.30. Dover Corp has a 52 week low of $76.47 and a 52 week high of $109.06.

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Dover (NYSE:DOV) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ 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 firm’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 EPS. equities research analysts expect that Dover Corp will post 5.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.02%. The ex-dividend date was Tuesday, February 27th. Dover’s dividend payout ratio is presently 46.65%.

Several research analysts have recently issued reports on the company. SunTrust Banks upped their price objective on Dover to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Morgan Stanley boosted their target price on Dover from $110.00 to $113.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. BMO Capital Markets boosted their target price on Dover from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Seaport Global Securities reissued a “hold” rating and issued a $110.00 target price on shares of Dover in a report on Friday, February 2nd. Finally, Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a report on Friday, February 2nd. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $107.83.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NewFocus Financial Group LLC raised its stake in shares of Dover by 1.4% during the 4th quarter. NewFocus Financial Group LLC now owns 39,187 shares of the industrial products company’s stock worth $3,957,000 after buying an additional 528 shares in the last quarter. Reilly Herbert Faulkner III raised its stake in shares of Dover by 1.1% during the 4th quarter. Reilly Herbert Faulkner III now owns 47,655 shares of the industrial products company’s stock worth $4,813,000 after buying an additional 529 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Dover by 5.3% during the 3rd quarter. Commonwealth Equity Services Inc now owns 11,590 shares of the industrial products company’s stock worth $1,059,000 after buying an additional 582 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Dover by 4.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 13,707 shares of the industrial products company’s stock worth $1,384,000 after buying an additional 584 shares in the last quarter. Finally, Global Financial Private Capital LLC raised its stake in shares of Dover by 15.8% during the 4th quarter. Global Financial Private Capital LLC now owns 4,526 shares of the industrial products company’s stock worth $457,000 after buying an additional 616 shares in the last quarter. 88.17% of the stock is owned by hedge funds and other institutional investors.

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Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.

Insider Buying and Selling by Quarter for Dover (NYSE:DOV)

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