Capstone Investment Advisors Netherlands B.V. Sells 971 Shares of Dover Corporation (DOV)
Capstone Investment Advisors Netherlands B.V. cut its holdings in shares of Dover Corporation (NYSE:DOV) by 33.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,904 shares of the industrial products company’s stock after selling 971 shares during the quarter. Capstone Investment Advisors Netherlands B.V.’s holdings in Dover Corporation were worth $153,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in DOV. IFP Advisors Inc increased its holdings in shares of Dover Corporation by 15.1% during the second quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 227 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Dover Corporation by 5,446.9% during the first 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 increased its holdings in shares of Dover Corporation by 13.0% during the second quarter. Penserra Capital Management LLC now owns 2,236 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 258 shares during the period. First Mercantile Trust Co. increased its holdings in shares of Dover Corporation by 10.1% during the second quarter. First Mercantile Trust Co. now owns 2,327 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 213 shares during the period. Finally, Harfst & Associates Inc. bought a new position in shares of Dover Corporation during the first quarter worth approximately $200,000. 86.01% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Dover Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub lowered shares of Dover Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Citigroup Inc. increased their price target on shares of Dover Corporation from $88.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Dover Corporation in a research report on Wednesday, June 7th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Dover Corporation in a research report on Monday, June 5th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $91.15.
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Shares of Dover Corporation (NYSE:DOV) traded down 0.13% during mid-day trading on Friday, reaching $91.39. 1,110,789 shares of the company’s stock were exchanged. The firm has a market cap of $14.23 billion, a P/E ratio of 22.85 and a beta of 1.26. The company has a 50 day moving average price of $86.06 and a 200 day moving average price of $82.19. Dover Corporation has a 52-week low of $65.50 and a 52-week high of $92.74.
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 Zacks’ consensus estimate of $1.01 by $0.03. The firm had revenue of $1.99 billion for 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 business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. Analysts forecast that Dover Corporation will post $4.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued 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 dividend on an annualized basis and a dividend yield of 2.06%. Dover Corporation’s dividend payout ratio is presently 47.12%.
In other news, Director Michael B. Stubbs sold 25,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.04, for a total value of $2,176,000.00. Following the transaction, the director now owns 275,344 shares of the company’s stock, valued at approximately $23,965,941.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by corporate insiders.
Dover Corporation 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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