Dover Corporation (NYSE:DOV) Director Michael B. Stubbs sold 25,000 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the completion of the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $23,965,941.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dover Corporation (NYSE DOV) traded up 0.82% during mid-day trading on Monday, hitting $87.25. 1,094,360 shares of the stock traded hands. Dover Corporation has a 52 week low of $65.50 and a 52 week high of $87.63. The firm’s 50-day moving average price is $82.25 and its 200-day moving average price is $80.55. The firm has a market cap of $13.59 billion, a P/E ratio of 21.81 and a beta of 1.27.

Dover Corporation (NYSE:DOV) last issued its earnings results on Thursday, July 20th. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. On average, equities analysts forecast that Dover Corporation will post $4.31 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on the stock. Citigroup Inc. increased their price target on shares of Dover Corporation from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 11th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dover Corporation in a research report on Wednesday, June 7th. CIBC reissued a “hold” rating on shares of Dover Corporation in a research report on Wednesday, May 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $90.00 price target (up previously from $89.00) on shares of Dover Corporation in a research report on Thursday, July 6th. Finally, BidaskClub raised shares of Dover Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.73.

Several institutional investors have recently modified their holdings of DOV. Bank of America Corp DE boosted its position in Dover Corporation by 9.4% in the first quarter. Bank of America Corp DE now owns 6,446,209 shares of the industrial products company’s stock worth $517,953,000 after buying an additional 553,136 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Dover Corporation by 7.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,584 shares of the industrial products company’s stock worth $690,000 after buying an additional 625 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Dover Corporation during the first quarter worth about $6,512,000. Candriam Luxembourg S.C.A. boosted its position in Dover Corporation by 32.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 14,205 shares of the industrial products company’s stock worth $1,141,000 after buying an additional 3,477 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in Dover Corporation by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 48,908 shares of the industrial products company’s stock worth $3,929,000 after buying an additional 800 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Dover Corporation (NYSE:DOV)

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