Jefferies Financial Group Inc. Boosts Holdings in Dover Corporation $DOV

Jefferies Financial Group Inc. grew its stake in shares of Dover Corporation (NYSE:DOV) by 36.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,800 shares of the industrial products company’s stock after buying an additional 12,966 shares during the period. Jefferies Financial Group Inc.’s holdings in Dover were worth $8,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mission Wealth Management LP lifted its stake in Dover by 0.8% in the 3rd quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock worth $1,250,000 after purchasing an additional 58 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Dover by 4.9% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,282 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 60 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in shares of Dover by 2.3% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 2,774 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 62 shares during the last quarter. Certuity LLC increased its holdings in shares of Dover by 2.5% in the second quarter. Certuity LLC now owns 2,587 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 64 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its position in shares of Dover by 4.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 1,517 shares of the industrial products company’s stock worth $253,000 after buying an additional 64 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Up 1.2%

Shares of DOV opened at $210.82 on Tuesday. The firm has a fifty day moving average price of $214.22 and a 200-day moving average price of $191.89. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $28.43 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.60 and a beta of 1.26. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $237.54.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. Dover had a net margin of 13.52% and a return on equity of 17.87%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 earnings per share. Equities research analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 26.20%.

Insider Activity at Dover

In other news, VP Girish Juneja sold 1,500 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the sale, the vice president owned 8,422 shares in the company, valued at approximately $1,943,544.94. This represents a 15.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $232.70, for a total value of $17,917,201.90. Following the completion of the sale, the chief executive officer directly owned 217,979 shares of the company’s stock, valued at approximately $50,723,713.30. This represents a 26.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,497 shares of company stock valued at $19,196,277 over the last quarter. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DOV. Weiss Ratings raised Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Royal Bank Of Canada raised their target price on shares of Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Wells Fargo & Company increased their price objective on shares of Dover from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. Finally, Robert W. Baird set a $255.00 price objective on shares of Dover in a research note on Friday, January 30th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.