Dover Corp (NYSE:DOV) SVP Jay L. Kloosterboer sold 12,363 shares of Dover stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $87.53, for a total transaction of $1,082,133.39. Following the sale, the senior vice president now owns 23,827 shares in the company, valued at approximately $2,085,577.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
DOV opened at $88.19 on Wednesday. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. Dover Corp has a fifty-two week low of $65.83 and a fifty-two week high of $90.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.96 and a current ratio of 1.37.
Dover (NYSE:DOV) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.14. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Dover had a return on equity of 24.90% and a net margin of 7.84%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.84 earnings per share. On average, sell-side analysts anticipate that Dover Corp will post 5.75 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Vermont lifted its holdings in shares of Dover by 0.9% during the fourth quarter. Trust Co. of Vermont now owns 14,585 shares of the industrial products company’s stock valued at $1,035,000 after acquiring an additional 124 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Dover by 5.6% during the fourth quarter. Raymond James Trust N.A. now owns 2,962 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 158 shares during the period. Fulton Bank N.A. lifted its holdings in shares of Dover by 3.4% during the fourth quarter. Fulton Bank N.A. now owns 4,946 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 162 shares during the period. Dupont Capital Management Corp lifted its holdings in shares of Dover by 1.3% during the fourth quarter. Dupont Capital Management Corp now owns 21,959 shares of the industrial products company’s stock valued at $1,558,000 after acquiring an additional 278 shares during the period. Finally, Private Capital Group LLC lifted its holdings in shares of Dover by 252.2% during the fourth quarter. Private Capital Group LLC now owns 398 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 285 shares during the period. 90.87% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on the stock. Wolfe Research upgraded shares of Dover from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Zacks Investment Research downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. SunTrust Banks lifted their price target on shares of Dover to $91.00 and gave the stock a “hold” rating in a research note on Wednesday, January 30th. They noted that the move was a valuation call. Barclays decreased their price target on shares of Dover from $97.00 to $93.00 and set an “overweight” rating on the stock in a research note on Monday, December 17th. Finally, BMO Capital Markets lifted their price target on shares of Dover from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Friday, October 19th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Dover presently has a consensus rating of “Hold” and an average target price of $89.18.
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Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in 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 clamps, 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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