Asset Management One Co. Ltd. raised its holdings in shares of Dover Corporation (NYSE:DOV) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,726 shares of the industrial products company’s stock after buying an additional 1,623 shares during the period. Asset Management One Co. Ltd. owned about 0.15% of Dover worth $21,544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOV. Strs Ohio boosted its position in Dover by 3.4% during the second quarter. Strs Ohio now owns 9,908 shares of the industrial products company’s stock valued at $794,000 after buying an additional 322 shares during the period. NGAM Advisors L.P. boosted its position in Dover by 21.9% during the second quarter. NGAM Advisors L.P. now owns 18,197 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 3,268 shares during the period. IFP Advisors Inc boosted its position in Dover by 15.1% during the second quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock valued at $139,000 after buying an additional 227 shares during the period. Retirement Systems of Alabama boosted its position in Dover by 0.4% during the second quarter. Retirement Systems of Alabama now owns 75,479 shares of the industrial products company’s stock valued at $6,055,000 after buying an additional 313 shares during the period. Finally, Global X Management Co. LLC boosted its position in Dover by 18.9% during the second quarter. Global X Management Co. LLC now owns 3,170 shares of the industrial products company’s stock valued at $254,000 after buying an additional 503 shares during the period. Institutional investors and hedge funds own 84.60% of the company’s stock.

Several equities analysts have recently commented on the stock. ValuEngine downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 price objective (up from $97.00) on shares of Dover in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $92.00 price objective on shares of Dover in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 price objective on shares of Dover in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised shares of Dover from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research note on Tuesday, October 17th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $94.69.

Dover Corporation (NYSE DOV) opened at $97.19 on Wednesday. Dover Corporation has a one year low of $74.53 and a one year high of $99.15. The stock has a market cap of $15,077.46, a PE ratio of 26.81, a P/E/G ratio of 1.89 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.70.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. Dover 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 the consensus estimate of $1.99 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. Dover’s revenue was up 17.5% on a year-over-year basis. analysts anticipate that Dover Corporation will post 3.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, November 29th. Dover’s payout ratio is currently 43.72%.

In related news, SVP Stephen Gary Kennon sold 2,359 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $94.40, for a total value of $222,689.60. Following the completion of the transaction, the senior vice president now directly owns 5,192 shares of the company’s stock, valued at $490,124.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP William T. Bosway sold 6,087 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total transaction of $576,195.42. Following the completion of the transaction, the vice president now directly owns 21,877 shares of the company’s stock, valued at $2,070,876.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,276 shares of company stock valued at $6,234,042. 2.50% of the stock is owned by insiders.

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Dover Company Profile

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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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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