Ledyard National Bank maintained its position in Dover Corporation (NYSE:DOV) during the second quarter, Holdings Channel reports. The institutional investor owned 1,485 shares of the industrial products company’s stock at the end of the second quarter. Ledyard National Bank’s holdings in Dover Corporation were worth $119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. increased its position in Dover Corporation by 511.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 25,225 shares of the industrial products company’s stock worth $2,024,000 after buying an additional 21,098 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Dover Corporation by 0.6% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,695 shares of the industrial products company’s stock worth $938,000 after buying an additional 75 shares in the last quarter. National Pension Service increased its position in Dover Corporation by 9.7% in the second quarter. National Pension Service now owns 160,096 shares of the industrial products company’s stock worth $12,612,000 after buying an additional 14,126 shares in the last quarter. State of Alaska Department of Revenue increased its position in Dover Corporation by 8.1% in the second quarter. State of Alaska Department of Revenue now owns 3,189 shares of the industrial products company’s stock worth $255,000 after buying an additional 240 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its position in Dover Corporation by 1.2% in the second quarter. Trust Co. of Toledo NA OH now owns 4,209 shares of the industrial products company’s stock worth $338,000 after buying an additional 50 shares in the last quarter. 84.62% of the stock is owned by institutional investors.

Dover Corporation (DOV) opened at 84.32 on Monday. The firm has a 50-day moving average price of $81.54 and a 200-day moving average price of $79.42. The stock has a market cap of $13.13 billion, a PE ratio of 22.79 and a beta of 1.27. Dover Corporation has a 12-month low of $65.50 and a 12-month high of $84.68.

Dover Corporation (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 20th. The industrial products company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.48. Dover Corporation had a return on equity of 12.93% and a net margin of 8.33%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business earned $0.64 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Analysts forecast that Dover Corporation will post $4.22 EPS for the current fiscal year.

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A number of research analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 price objective on shares of Dover Corporation in a research note on Thursday, July 6th. BidaskClub raised shares of Dover Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $90.00 price objective (up previously from $89.00) on shares of Dover Corporation in a research note on Thursday, July 6th. Seaport Global Securities downgraded shares of Dover Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $91.00 to $86.00 in a research note on Wednesday, June 21st. Finally, Bank of America Corporation boosted their target price on Dover Corporation from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $85.82.

In related news, Director Michael B. Stubbs sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $83.22, for a total value of $3,328,800.00. Following the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $22,914,127.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP C. Anderson Fincher sold 15,638 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $79.85, for a total value of $1,248,694.30. Following the completion of the transaction, the vice president now directly owns 32,842 shares in the company, valued at $2,622,433.70. The disclosure for this sale can be found here. Insiders sold a total of 63,502 shares of company stock worth $5,216,444 over the last three months. 2.50% of the stock is 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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