Texas Yale Capital Corp. Purchases 2,310 Shares of Dover Corporation $DOV

Texas Yale Capital Corp. lifted its holdings in Dover Corporation (NYSE:DOV) by 29.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,275 shares of the industrial products company’s stock after buying an additional 2,310 shares during the period. Texas Yale Capital Corp.’s holdings in Dover were worth $1,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Machina Capital S.A.S. lifted its stake in shares of Dover by 38.8% during the 2nd quarter. Machina Capital S.A.S. now owns 8,779 shares of the industrial products company’s stock valued at $1,609,000 after buying an additional 2,452 shares in the last quarter. Nordea Investment Management AB raised its holdings in Dover by 9.3% during the second quarter. Nordea Investment Management AB now owns 124,031 shares of the industrial products company’s stock valued at $22,701,000 after acquiring an additional 10,581 shares during the period. Generali Asset Management SPA SGR lifted its position in shares of Dover by 103.4% in the third quarter. Generali Asset Management SPA SGR now owns 16,020 shares of the industrial products company’s stock valued at $2,673,000 after acquiring an additional 8,145 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Dover by 1,644.9% in the third quarter. SG Americas Securities LLC now owns 26,749 shares of the industrial products company’s stock worth $4,463,000 after acquiring an additional 25,216 shares during the period. Finally, Advisory Resource Group grew its position in shares of Dover by 7.7% during the second quarter. Advisory Resource Group now owns 28,732 shares of the industrial products company’s stock worth $5,264,000 after purchasing an additional 2,047 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on DOV. BNP Paribas Exane initiated coverage on Dover in a report on Thursday, December 4th. They issued a “neutral” rating and a $195.00 price target on the stock. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Wells Fargo & Company raised their target price on shares of Dover from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Morgan Stanley set a $210.00 price target on shares of Dover in a report on Wednesday, February 4th. Finally, Barclays set a $206.00 price objective on shares of Dover in a report on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Insider Activity at Dover

In other Dover news, CFO Christopher B. Woenker sold 1,627 shares of Dover stock in a transaction on Friday, November 28th. The shares were sold at an average price of $186.04, for a total transaction of $302,687.08. Following the completion of the transaction, the chief financial officer directly owned 2,553 shares of the company’s stock, valued at $474,960.12. The trade was a 38.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Girish Juneja sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the transaction, the vice president owned 8,422 shares in the company, valued at $1,943,544.94. This trade represents a 15.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 5,757 shares of company stock worth $1,150,646. Company insiders own 1.20% of the company’s stock.

Dover Stock Performance

Shares of NYSE:DOV opened at $231.54 on Tuesday. The firm has a fifty day simple moving average of $206.13 and a two-hundred day simple moving average of $186.82. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $237.54. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $31.76 billion, a P/E ratio of 29.16, a PEG ratio of 1.78 and a beta of 1.29.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Dover had a net margin of 13.52% and a return on equity of 17.87%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 EPS. On average, analysts expect that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.52 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Dover’s payout ratio is 26.20%.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.