Ivonne Cabrera Sells 2,630 Shares of Dover (NYSE:DOV) Stock

Dover Corporation (NYSE:DOV) SVP Ivonne Cabrera sold 2,630 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total value of $501,804.00. Following the sale, the senior vice president owned 72,968 shares of the company’s stock, valued at $13,922,294.40. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Dover Stock Up 0.2%

NYSE DOV opened at $190.93 on Friday. Dover Corporation has a one year low of $143.04 and a one year high of $222.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04. The business has a fifty day moving average price of $176.45 and a 200 day moving average price of $178.49. The company has a market cap of $26.19 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.48 and a beta of 1.31.

Dover (NYSE:DOV) last released its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. The business had revenue of $1.78 billion during the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. Research analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 28th. Dover’s dividend payout ratio (DPR) is 12.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DOV shares. Barclays boosted their target price on Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Oppenheimer boosted their price objective on Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Robert W. Baird set a $235.00 target price on Dover in a report on Friday, October 24th. BNP Paribas began coverage on Dover in a report on Thursday. They set a “neutral” rating and a $195.00 price target on the stock. Finally, Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $210.83.

Institutional Investors Weigh In On Dover

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares during the period. Cary Street Partners Financial LLC boosted its stake in Dover by 3.8% during the first quarter. Cary Street Partners Financial LLC now owns 6,500 shares of the industrial products company’s stock worth $1,142,000 after buying an additional 236 shares during the period. Costello Asset Management INC acquired a new stake in shares of Dover during the first quarter valued at about $35,000. Wealthspire Advisors LLC raised its stake in shares of Dover by 1.4% in the 1st quarter. Wealthspire Advisors LLC now owns 8,700 shares of the industrial products company’s stock valued at $1,528,000 after acquiring an additional 121 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Dover by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 16,342,135 shares of the industrial products company’s stock worth $2,870,986,000 after acquiring an additional 106,679 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.