Dover Corporation (DOV) Shares Bought by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. boosted its position in shares of Dover Corporation (NYSE:DOV) by 5.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,820 shares of the industrial products company’s stock after buying an additional 810 shares during the period. Duncker Streett & Co. Inc.’s holdings in Dover Corporation were worth $1,349,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DOV. BlackRock Inc. boosted its stake in Dover Corporation by 1,664.3% in the first quarter. BlackRock Inc. now owns 9,924,852 shares of the industrial products company’s stock worth $797,462,000 after buying an additional 9,362,330 shares in the last quarter. Inverness Counsel LLC NY boosted its stake in Dover Corporation by 108.5% in the first quarter. Inverness Counsel LLC NY now owns 1,829,420 shares of the industrial products company’s stock worth $145,128,000 after buying an additional 952,023 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dover Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 16,178,861 shares of the industrial products company’s stock worth $1,299,971,000 after buying an additional 792,862 shares in the last quarter. Bank of America Corp DE boosted its stake in Dover Corporation by 9.4% in the first quarter. Bank of America Corp DE now owns 6,446,209 shares of the industrial products company’s stock worth $517,953,000 after buying an additional 553,136 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Dover Corporation by 9.2% in the first quarter. JPMorgan Chase & Co. now owns 4,450,739 shares of the industrial products company’s stock worth $357,617,000 after buying an additional 375,001 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Dover Corporation (DOV) traded down 0.54% during midday trading on Friday, reaching $85.05. 863,450 shares of the company traded hands. The stock’s 50 day moving average is $83.36 and its 200 day moving average is $80.94. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 21.26 and a beta of 1.27. Dover Corporation has a one year low of $65.50 and a one year high of $87.63.

Dover Corporation (NYSE:DOV) last released its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.94 billion. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities analysts anticipate that Dover Corporation will post $4.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Dover Corporation’s previous quarterly dividend of $0.44. Dover Corporation’s dividend payout ratio is 44.11%.

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A number of analysts have recently issued reports on DOV shares. Bank of America Corporation raised their target price on shares of Dover Corporation from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Seaport Global Securities restated a “buy” rating on shares of Dover Corporation in a research note on Monday, June 5th. BidaskClub raised shares of Dover Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC raised their price target on shares of Dover Corporation from $78.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 19th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.73.

In related news, Director Michael B. Stubbs sold 25,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.04, for a total value of $2,176,000.00. Following the completion of the sale, the director now owns 275,344 shares of the company’s stock, valued at $23,965,941.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael B. Stubbs sold 40,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $83.22, for a total value of $3,328,800.00. Following the completion of the sale, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $22,914,127.68. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

About Dover Corporation

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

Institutional Ownership by Quarter for Dover Corporation (NYSE:DOV)

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