North Point Portfolio Managers Corp OH lowered its position in Dover Corp (NYSE:DOV) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,241 shares of the industrial products company’s stock after selling 2,891 shares during the period. North Point Portfolio Managers Corp OH owned 0.07% of Dover worth $10,445,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in Dover in the first quarter worth $234,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Dover by 44.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,936 shares of the industrial products company’s stock worth $194,000 after buying an additional 600 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new stake in Dover in the first quarter worth $206,000. Holderness Investments Co. purchased a new stake in Dover in the first quarter worth $224,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Dover in the first quarter worth $524,000. Institutional investors and hedge funds own 84.30% of the company’s stock.
NYSE:DOV traded up $1.81 during trading hours on Friday, hitting $90.82. 324,295 shares of the company’s stock traded hands, compared to its average volume of 988,478. The firm has a market cap of $13.28 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.36 and a beta of 1.48. Dover Corp has a 52 week low of $65.83 and a 52 week high of $103.47. The business’s fifty day simple moving average is $97.09 and its two-hundred day simple moving average is $94.46. The company has a quick ratio of 0.91, a current ratio of 1.34 and a debt-to-equity ratio of 1.00.
Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.01. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. Dover had a return on equity of 29.22% and a net margin of 8.50%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. On average, analysts expect that Dover Corp will post 5.84 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.49 dividend. This is a boost from Dover’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, August 29th. Dover’s payout ratio is currently 38.63%.
A number of analysts have issued reports on the company. Deutsche Bank set a $102.00 target price on Dover and gave the stock a “hold” rating in a research report on Monday, April 22nd. Robert W. Baird lowered Dover from an “outperform” rating to a “neutral” rating in a report on Monday, April 22nd. Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a report on Wednesday, April 24th. ValuEngine lowered Dover from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada set a $94.00 price target on Dover and gave the stock a “hold” rating in a report on Friday, July 19th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $98.76.
In other news, insider Jay L. Kloosterboer sold 15,416 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $98.00, for a total value of $1,510,768.00. Following the completion of the sale, the insider now directly owns 24,425 shares in the company, valued at approximately $2,393,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Spurgeon sold 20,049 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $98.42, for a total value of $1,973,222.58. Following the completion of the sale, the vice president now owns 5,296 shares of the company’s stock, valued at $521,232.32. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
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.
Featured Article: No Load Funds
Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corp (NYSE:DOV).
Receive News & Ratings for Dover Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover and related companies with MarketBeat.com's FREE daily email newsletter.