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.
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.
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