Segall Bryant & Hamill LLC grew its holdings in shares of Dover Corp (NYSE:DOV) by 17.1% in the 4th quarter, HoldingsChannel reports. The fund owned 149,147 shares of the industrial products company’s stock after buying an additional 21,821 shares during the period. Segall Bryant & Hamill LLC’s holdings in Dover were worth $15,062,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of DOV. Third Point LLC acquired a new position in Dover during the third quarter worth about $150,794,000. JPMorgan Chase & Co. raised its stake in Dover by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company’s stock worth $531,702,000 after acquiring an additional 848,098 shares in the last quarter. Pzena Investment Management LLC raised its stake in Dover by 5.9% during the fourth quarter. Pzena Investment Management LLC now owns 5,942,675 shares of the industrial products company’s stock worth $600,151,000 after acquiring an additional 328,864 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Dover by 408.6% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 307,688 shares of the industrial products company’s stock worth $31,073,000 after purchasing an additional 247,188 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Dover during the third quarter worth about $22,066,000. 88.16% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the company. SunTrust Banks boosted their price target on Dover to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. UBS assumed coverage on Dover in a report on Monday, January 22nd. They set a “neutral” rating on the stock. Seaport Global Securities restated a “hold” rating and set a $110.00 price target on shares of Dover in a report on Friday, February 2nd. BMO Capital Markets boosted their price target on Dover from $116.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Morgan Stanley boosted their price target on Dover from $110.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Eleven equities 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 an average target price of $107.83.
In other Dover news, SVP Patrick Burns purchased 510 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of $97.51 per share, for a total transaction of $49,730.10. Following the acquisition, the senior vice president now owns 1,883 shares of the company’s stock, valued at $183,611.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen Gary Kennon sold 15,702 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $102.01, for a total value of $1,601,761.02. The disclosure for this sale can be found here. Insiders sold 19,897 shares of company stock worth $2,031,745 over the last quarter. 2.50% of the stock is currently owned by company insiders.
Shares of Dover Corp (NYSE DOV) opened at $99.90 on Tuesday. Dover Corp has a twelve month low of $76.23 and a twelve month high of $109.06. The company has a market capitalization of $15,454.79, a P/E ratio of 19.40, a P/E/G ratio of 1.32 and a beta of 1.28. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.
Dover (NYSE:DOV) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. equities analysts predict that Dover Corp will post 5.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, February 27th. Dover’s payout ratio is presently 36.50%.
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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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