Swiss National Bank grew its position in Dover Corporation (NYSE:DOV) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 573,417 shares of the industrial products company’s stock after acquiring an additional 6,200 shares during the period. Swiss National Bank owned 368,070.48% of Dover Corporation worth $52,405,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Patriot Wealth Management Inc. bought a new position in shares of Dover Corporation in the third quarter valued at approximately $4,230,000. Obermeyer Wood Investment Counsel Lllp raised its stake in shares of Dover Corporation by 21.6% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 6,696 shares of the industrial products company’s stock valued at $612,000 after acquiring an additional 1,191 shares during the last quarter. Pettee Investors Inc. bought a new position in shares of Dover Corporation in the third quarter valued at approximately $669,000. Train Babcock Advisors LLC bought a new position in shares of Dover Corporation in the third quarter valued at approximately $219,000. Finally, Prudential Financial Inc. raised its stake in shares of Dover Corporation by 0.4% in the third quarter. Prudential Financial Inc. now owns 227,170 shares of the industrial products company’s stock valued at $20,761,000 after acquiring an additional 806 shares during the last quarter. Institutional investors own 85.01% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Dover Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $96.00 target price on shares of Dover Corporation in a research note on Monday, October 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $92.00 target price on shares of Dover Corporation in a research note on Tuesday, October 17th. BidaskClub cut shares of Dover Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $106.00 target price (up previously from $97.00) on shares of Dover Corporation in a research note on Monday, October 2nd. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $94.69.
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In other news, Director Michael B. Stubbs sold 8,495 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.30, for a total value of $818,068.50. Following the completion of the transaction, the director now owns 275,344 shares of the company’s stock, valued at approximately $26,515,627.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael B. Stubbs sold 41,505 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the completion of the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $26,342,160.48. The disclosure for this sale can be found here. Insiders sold a total of 54,400 shares of company stock valued at $5,207,952 in the last three months. 2.50% of the stock is owned by company insiders.
Shares of Dover Corporation (NYSE:DOV) opened at $93.79 on Tuesday. Dover Corporation has a fifty-two week low of $68.10 and a fifty-two week high of $97.09. The company has a market cap of $14,611.65, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70.
Dover Corporation (NYSE:DOV) last announced its quarterly earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.05. Dover Corporation had a net margin of 8.91% and a return on equity of 14.10%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 17.5% on a year-over-year basis. equities analysts forecast that Dover Corporation will post 3.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 29th. Dover Corporation’s dividend payout ratio (DPR) is 43.72%.
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.
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