Migdal Insurance & Financial Holdings Ltd. lessened its holdings in shares of Dover Corporation (NYSE:DOV) by 12.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,715 shares of the industrial products company’s stock after selling 656 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Dover Corporation were worth $431,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Dover Corporation by 11.5% during the second quarter. JPMorgan Chase & Co. now owns 4,962,208 shares of the industrial products company’s stock worth $398,069,000 after acquiring an additional 511,469 shares during the period. Geneva Advisors LLC grew its holdings in Dover Corporation by 25.3% in the second quarter. Geneva Advisors LLC now owns 5,763 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 1,162 shares during the last quarter. Nuance Investments LLC grew its holdings in Dover Corporation by 9.5% in the second quarter. Nuance Investments LLC now owns 38,146 shares of the industrial products company’s stock valued at $3,060,000 after purchasing an additional 3,310 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Dover Corporation by 10.9% in the second quarter. Principal Financial Group Inc. now owns 261,022 shares of the industrial products company’s stock valued at $20,939,000 after purchasing an additional 25,734 shares during the last quarter. Finally, Sciencast Management LP grew its holdings in Dover Corporation by 107.3% in the second quarter. Sciencast Management LP now owns 13,029 shares of the industrial products company’s stock valued at $1,045,000 after purchasing an additional 6,744 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Dover Corporation (NYSE:DOV) traded down $0.22 during midday trading on Friday, reaching $93.79. The company had a trading volume of 893,700 shares, compared to its average volume of 1,294,058. Dover Corporation has a 1 year low of $68.10 and a 1 year high of $97.09. The stock has a market capitalization of $14,611.64, a P/E ratio of 25.98, a PEG ratio of 1.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.32 and a quick ratio of 0.87.

Dover Corporation (NYSE:DOV) last released its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover Corporation had a return on equity of 14.10% and a net margin of 8.91%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. sell-side analysts predict that Dover Corporation will post 3.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.88 annualized dividend and a yield of 2.00%. Dover Corporation’s dividend payout ratio (DPR) is presently 43.72%.

Several analysts have weighed in on the company. BidaskClub lowered Dover Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised Dover Corporation from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Tuesday, October 17th. Citigroup Inc. reissued a “neutral” rating and issued a $96.00 target price (up previously from $90.00) on shares of Dover Corporation in a report on Monday, October 9th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $96.00 target price on shares of Dover Corporation in a report on Monday, October 23rd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $106.00 target price (up previously from $97.00) on shares of Dover Corporation in a report on Monday, October 2nd. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $94.69.

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In related news, Director Michael B. Stubbs sold 41,505 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the transaction, the director now directly owns 275,344 shares in the company, valued at $26,342,160.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael B. Stubbs sold 8,495 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $96.30, for a total value of $818,068.50. Following the transaction, the director now owns 275,344 shares in the company, valued at $26,515,627.20. The disclosure for this sale can be found here. Insiders have sold 54,400 shares of company stock worth $5,207,952 over the last quarter. 2.50% of the stock is currently owned by company insiders.

About Dover Corporation

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 Corporation (NYSE:DOV)

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