Everence Capital Management Inc. Buys 2,780 Shares of Dover Corporation (DOV)
Everence Capital Management Inc. lifted its stake in Dover Corporation (NYSE:DOV) by 54.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,923 shares of the industrial products company’s stock after buying an additional 2,780 shares during the period. Everence Capital Management Inc.’s holdings in Dover Corporation were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Boston Financial Mangement LLC bought a new stake in shares of Dover Corporation in the third quarter valued at approximately $224,000. Asset Management Advisors LLC bought a new stake in shares of Dover Corporation in the third quarter valued at approximately $228,000. Canada Pension Plan Investment Board boosted its stake in shares of Dover Corporation by 19.5% in the third quarter. Canada Pension Plan Investment Board now owns 477,400 shares of the industrial products company’s stock valued at $43,630,000 after buying an additional 77,800 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Dover Corporation by 21.7% in the third quarter. Victory Capital Management Inc. now owns 25,466 shares of the industrial products company’s stock valued at $2,327,000 after buying an additional 4,534 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Dover Corporation in the third quarter valued at approximately $1,199,000. Institutional investors and hedge funds own 85.19% of the company’s stock.
Dover Corporation (NYSE:DOV) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Dover Corporation had a net margin of 8.91% and a return on equity of 14.10%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share.
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Several equities research analysts recently issued reports on DOV shares. Robert W. Baird set a $91.00 price target on Dover Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. BMO Capital Markets reiterated a “buy” rating and issued a $94.00 price target on shares of Dover Corporation in a research note on Sunday, August 27th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $90.00 price target on shares of Dover Corporation in a research note on Thursday, October 12th. Zacks Investment Research upgraded Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Tuesday, July 18th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $96.00 price target (up from $90.00) on shares of Dover Corporation in a research note on Monday, October 9th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Dover Corporation presently has an average rating of “Hold” and a consensus price target of $94.69.
In other Dover Corporation news, VP Paul Goldberg sold 4,400 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $95.25, for a total value of $419,100.00. Following the sale, the vice president now owns 4,070 shares in the company, valued at $387,667.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael B. Stubbs sold 41,505 shares of the company’s 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 completion of the sale, the director now owns 275,344 shares in the company, valued at approximately $26,342,160.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,400 shares of company stock worth $7,383,952. Corporate 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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