State Treasurer State of Michigan Cuts Stake in Dover Corp (DOV)
State Treasurer State of Michigan decreased its position in shares of Dover Corp (NYSE:DOV) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 45,662 shares of the industrial products company’s stock after selling 1,600 shares during the quarter. State Treasurer State of Michigan’s holdings in Dover were worth $4,611,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of Dover during the 4th quarter worth $133,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Dover by 388.2% during the 3rd 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. Cape Cod Five Cents Savings Bank bought a new position in shares of Dover during the 3rd quarter worth $201,000. NBT Bank N A NY bought a new position in shares of Dover during the 3rd quarter worth $202,000. Finally, Pratt Collard Advisory Partners LLC bought a new position in shares of Dover during the 4th quarter worth $205,000. Institutional investors own 84.45% of the company’s stock.
In other Dover news, VP William T. Bosway sold 6,087 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the sale, the vice president now owns 21,877 shares of the company’s stock, valued at approximately $2,070,876.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen Gary Kennon sold 2,359 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $94.40, for a total value of $222,689.60. Following the completion of the sale, the senior vice president now directly owns 5,192 shares in the company, valued at approximately $490,124.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,876 shares of company stock worth $1,026,090. Insiders own 2.50% of the company’s stock.
Dover Corp (DOV) opened at $99.83 on Wednesday. Dover Corp has a 12 month low of $75.51 and a 12 month high of $109.06. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $15,356.33, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.
Dover (NYSE:DOV) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. equities analysts expect that Dover Corp will post 5.75 earnings per share for the current year.
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Dover Company 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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