Bayesian Capital Management LP purchased a new stake in shares of Dover Corporation (NYSE:DOV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,112 shares of the industrial products company’s stock, valued at approximately $330,000.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Dover Corporation by 15.1% during the 2nd quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 227 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Dover Corporation by 5,446.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 1,743 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Dover Corporation by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,236 shares of the industrial products company’s stock worth $179,000 after buying an additional 258 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in shares of Dover Corporation by 10.1% in the second quarter. First Mercantile Trust Co. now owns 2,327 shares of the industrial products company’s stock worth $187,000 after buying an additional 213 shares during the last quarter. Finally, Harfst & Associates Inc. purchased a new position in shares of Dover Corporation in the first quarter worth approximately $200,000. Institutional investors and hedge funds own 86.01% of the company’s stock.

WARNING: “Bayesian Capital Management LP Purchases Shares of 4,112 Dover Corporation (DOV)” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.watchlistnews.com/bayesian-capital-management-lp-purchases-shares-of-4112-dover-corporation-dov/1603140.html.

Dover Corporation (NYSE:DOV) opened at 91.39 on Monday. The company’s 50-day moving average is $86.06 and its 200 day moving average is $82.19. Dover Corporation has a 1-year low of $65.50 and a 1-year high of $92.74. The stock has a market capitalization of $14.23 billion, a PE ratio of 22.85 and a beta of 1.27.

Dover Corporation (NYSE:DOV) last issued its quarterly earnings results on Thursday, July 20th. The industrial products company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.94 billion. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. Equities analysts predict that Dover Corporation will post $4.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a $0.47 dividend. This is a positive change from Dover Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.88 annualized dividend and a dividend yield of 2.06%. Dover Corporation’s dividend payout ratio (DPR) is 47.12%.

Several research firms have weighed in on DOV. J P Morgan Chase & Co upgraded shares of Dover Corporation from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $105.00 in a research report on Wednesday, September 20th. Morgan Stanley boosted their price objective on shares of Dover Corporation from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Tuesday, September 19th. Seaport Global Securities restated a “neutral” rating on shares of Dover Corporation in a research note on Wednesday, September 13th. Robert W. Baird restated a “buy” rating and issued a $95.00 price objective on shares of Dover Corporation in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $91.00 target price on shares of Dover Corporation in a report on Wednesday, September 6th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $91.15.

In other news, Director Michael B. Stubbs sold 25,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the completion of the sale, the director now owns 275,344 shares of the company’s stock, valued at $23,965,941.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

Dover Corporation 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.

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

Receive News & Ratings for Dover Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.