Laurion Capital Management LP bought a new stake in Dover Corporation (NYSE:DOV) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 4,100 shares of the company’s stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Dover Corporation by 21.6% in the second quarter. Bank of New York Mellon Corp now owns 3,272,919 shares of the company’s stock valued at $226,877,000 after buying an additional 580,562 shares during the period. Rainier Investment Management LLC acquired a new position in shares of Dover Corporation during the second quarter valued at about $11,999,000. NewFocus Financial Group LLC boosted its position in shares of Dover Corporation by 0.3% in the third quarter. NewFocus Financial Group LLC now owns 37,866 shares of the company’s stock valued at $2,788,000 after buying an additional 109 shares during the period. PGGM Investments boosted its position in shares of Dover Corporation by 12.0% in the second quarter. PGGM Investments now owns 588,341 shares of the company’s stock valued at $40,784,000 after buying an additional 63,049 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Dover Corporation by 22.0% in the third quarter. JPMorgan Chase & Co. now owns 3,649,354 shares of the company’s stock valued at $268,738,000 after buying an additional 656,989 shares during the period. 84.01% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Dover Corporation (NYSE:DOV) traded up 1.63% on Friday, hitting $79.65. 1,749,113 shares of the company were exchanged. Dover Corporation has a 52-week low of $50.91 and a 52-week high of $81.50. The company has a 50-day moving average price of $75.72 and a 200 day moving average price of $71.90. The firm has a market cap of $12.37 billion, a P/E ratio of 25.51 and a beta of 1.21.

Dover Corporation (NYSE:DOV) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Dover Corporation had a net margin of 7.29% and a return on equity of 12.93%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. Analysts predict that Dover Corporation will post $2.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, November 28th. This represents a $1.76 annualized dividend and a dividend yield of 2.21%. Dover Corporation’s dividend payout ratio is currently 56.05%.

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Several analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Dover Corporation from $72.00 to $76.00 and gave the company a “hold” rating in a research report on Tuesday, December 13th. Vertical Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, January 3rd. RBC Capital Markets reiterated a “hold” rating and issued a $71.00 target price on shares of Dover Corporation in a research report on Thursday, January 5th. Zacks Investment Research upgraded shares of Dover Corporation from a “strong sell” rating to a “hold” rating in a research report on Monday, December 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Dover Corporation in a research report on Thursday, December 15th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Dover Corporation has a consensus rating of “Hold” and an average price target of $73.06.

In other Dover Corporation news, VP Sandra A. Arkell sold 565 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $68.73, for a total transaction of $38,832.45. Following the sale, the vice president now directly owns 2,216 shares of the company’s stock, valued at approximately $152,305.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay L. Kloosterboer sold 11,501 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $70.25, for a total transaction of $807,945.25. Following the sale, the insider now directly owns 64,615 shares in the company, valued at $4,539,203.75. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

About Dover Corporation

Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for production and processing of fuels across the world.

5 Day Chart for NYSE:DOV

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