Exxonmobil Investment Management Inc. TX decreased its holdings in Dover Corp (NYSE:DOV) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,771 shares of the industrial products company’s stock after selling 3,657 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Dover were worth $2,502,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Neville Rodie & Shaw Inc. lifted its holdings in Dover by 16.1% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 6,072 shares of the industrial products company’s stock valued at $613,000 after buying an additional 840 shares during the period. Smith Shellnut Wilson LLC ADV acquired a new position in Dover in the third quarter valued at $286,000. IFM Investors Pty Ltd acquired a new position in Dover in the third quarter valued at $440,000. Independent Advisor Alliance lifted its holdings in Dover by 13.8% in the third quarter. Independent Advisor Alliance now owns 8,232 shares of the industrial products company’s stock valued at $772,000 after buying an additional 997 shares during the period. Finally, Griffin Asset Management Inc. acquired a new position in Dover in the third quarter valued at $2,828,000. 84.49% of the stock is currently owned by institutional investors.

In other news, Director Michael B. Stubbs sold 41,505 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the transaction, the director now owns 275,344 shares in the company, valued at $26,342,160.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Gary Kennon sold 2,359 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $94.40, for a total transaction of $222,689.60. Following the transaction, the senior vice president now owns 5,192 shares in the company, valued at approximately $490,124.80. The disclosure for this sale can be found here. Insiders have sold 65,276 shares of company stock worth $6,234,042 in the last quarter. Company insiders own 2.50% of the company’s stock.

Several equities analysts recently issued reports on the stock. Royal Bank of Canada restated a “hold” rating and issued a $100.00 target price on shares of Dover in a report on Thursday, January 4th. ValuEngine lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus restated a “hold” rating and issued a $100.00 target price on shares of Dover in a report on Thursday, December 14th. Zacks Investment Research lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, SunTrust Banks restated a “hold” rating and issued a $96.00 target price on shares of Dover in a report on Monday, October 23rd. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dover has a consensus rating of “Hold” and a consensus target price of $96.50.

Dover Corp (NYSE:DOV) opened at $104.14 on Monday. Dover Corp has a fifty-two week low of $75.51 and a fifty-two week high of $104.56. The firm has a market cap of $16,224.07, a PE ratio of 24.22, a PEG ratio of 1.78 and a beta of 1.29. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70.

Dover (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, beating the consensus estimate of $1.11 by $0.05. Dover had a net margin of 8.91% and a return on equity of 14.10%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. sell-side analysts forecast that Dover Corp will post 3.94 EPS for the current fiscal year.

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About Dover

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 (NYSE:DOV)

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