Excalibur Management Corp purchased a new position in Dover Corp (NYSE:DOV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,300 shares of the industrial products company’s stock, valued at approximately $380,000.
Several other large investors have also added to or reduced their stakes in DOV. Horan Capital Advisors LLC. bought a new position in shares of Dover in the third quarter worth $25,000. Allworth Financial LP grew its stake in shares of Dover by 113.0% in the fourth quarter. Allworth Financial LP now owns 213 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 113 shares in the last quarter. Sandy Spring Bank bought a new position in shares of Dover in the third quarter worth $26,000. CFM Wealth Partners LLC bought a new position in shares of Dover in the fourth quarter worth $27,000. Finally, Quest Capital Management Inc. ADV bought a new position in shares of Dover in the third quarter worth $30,000. 86.91% of the stock is owned by institutional investors.
In other news, VP William Spurgeon sold 6,559 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $109.48, for a total transaction of $718,079.32. Following the completion of the sale, the vice president now directly owns 5,296 shares of the company’s stock, valued at $579,806.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Ivonne M. Cabrera sold 4,055 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $112.48, for a total value of $456,106.40. Over the last ninety days, insiders have sold 11,114 shares of company stock valued at $1,234,186. 1.70% of the stock is currently owned by company insiders.
Several analysts have recently weighed in on DOV shares. Barclays restated a “buy” rating and issued a $130.00 price objective on shares of Dover in a report on Friday, January 31st. Royal Bank of Canada set a $96.00 price objective on Dover and gave the company a “hold” rating in a report on Friday, October 18th. Citigroup upped their price objective on Dover from $115.00 to $132.00 and gave the company a “buy” rating in a report on Monday, January 13th. Robert W. Baird upped their price objective on Dover from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their price objective on Dover from $82.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $114.38.
Shares of Dover stock opened at $119.21 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.98. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.51. The business has a fifty day simple moving average of $116.32 and a 200-day simple moving average of $104.54. Dover Corp has a fifty-two week low of $86.13 and a fifty-two week high of $120.20.
Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.09. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.80 billion. Dover had a return on equity of 29.46% and a net margin of 9.50%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Analysts anticipate that Dover Corp will post 6.33 earnings per share for the current fiscal year.
Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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