Rice Hall James & Associates LLC reduced its position in shares of Dover Corporation (NYSE:DOV) by 14.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,042 shares of the industrial products company’s stock after selling 5,065 shares during the period. Rice Hall James & Associates LLC’s holdings in Dover Corporation were worth $2,746,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in 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 acquiring an additional 227 shares during the period. Tower Research Capital LLC TRC grew its holdings in 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 acquiring an additional 1,743 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Dover Corporation by 388.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 1,347 shares during the period. Penserra Capital Management LLC grew its holdings in 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 acquiring an additional 258 shares during the period. Finally, First Mercantile Trust Co. grew its holdings in 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 acquiring an additional 213 shares during the period. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on DOV. Zacks Investment Research cut Dover Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $96.00 price target on shares of Dover Corporation in a research note on Monday, October 23rd. Stifel Nicolaus reissued a “hold” rating and issued a $92.00 price target on shares of Dover Corporation in a research note on Tuesday, October 17th. Citigroup Inc. reissued a “neutral” rating and issued a $96.00 price target (up previously from $90.00) on shares of Dover Corporation in a research note on Monday, October 9th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $106.00 price target (up previously from $97.00) on shares of Dover Corporation in a research note on Monday, October 2nd. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Dover Corporation currently has a consensus rating of “Hold” and a consensus price target of $94.69.

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Dover Corporation (NYSE:DOV) last issued its quarterly earnings results on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year.

In other news, VP Paul Goldberg sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $95.25, for a total value of $419,100.00. Following the completion of the sale, the vice president now directly owns 4,070 shares of the company’s stock, valued at $387,667.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael B. Stubbs sold 41,505 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $95.67, for a total value of $3,970,783.35. Following the completion of the sale, the director now directly owns 275,344 shares of the company’s stock, valued at $26,342,160.48. The disclosure for this sale can be found here. Insiders have sold 54,400 shares of company stock valued at $5,207,952 over the last three months. Insiders own 2.50% of the company’s stock.

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.

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

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