Dover Corporation (NYSE:DOV) Director Michael B. Stubbs sold 8,495 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.30, for a total value of $818,068.50. Following the transaction, the director now owns 275,344 shares in the company, valued at approximately $26,515,627.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dover Corporation (DOV) traded down 0.49% during midday trading on Friday, hitting $96.00. The company had a trading volume of 1,229,856 shares. The firm’s 50 day moving average is $91.95 and its 200-day moving average is $84.83. Dover Corporation has a 52 week low of $65.50 and a 52 week high of $97.09. The firm has a market capitalization of $14.95 billion, a P/E ratio of 24.00 and a beta of 1.27.

Dover Corporation (NYSE:DOV) last released its earnings results on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.05. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Dover Corporation had a return on equity of 14.10% and a net margin of 8.91%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. On average, equities research analysts expect that Dover Corporation will post $4.31 EPS for the current fiscal year.

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A number of equities analysts have commented on DOV shares. Royal Bank Of Canada restated 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. BidaskClub upgraded Dover Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Stifel Nicolaus restated a “hold” rating and set a $87.00 price objective on shares of Dover Corporation in a research note on Thursday, July 6th. Zacks Investment Research upgraded Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Citigroup Inc. raised their price objective on Dover Corporation from $88.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $94.69.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Dover Corporation by 2.3% in the second quarter. Vanguard Group Inc. now owns 16,549,433 shares of the industrial products company’s stock valued at $1,327,596,000 after acquiring an additional 370,572 shares during the last quarter. BlackRock Inc. increased its stake in Dover Corporation by 3.9% in the second quarter. BlackRock Inc. now owns 10,314,301 shares of the industrial products company’s stock valued at $827,412,000 after acquiring an additional 389,449 shares during the last quarter. Pzena Investment Management LLC increased its stake in Dover Corporation by 0.3% in the second quarter. Pzena Investment Management LLC now owns 5,599,307 shares of the industrial products company’s stock valued at $449,176,000 after acquiring an additional 17,738 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Dover Corporation by 11.5% in the second quarter. JPMorgan Chase & Co. now owns 4,962,208 shares of the industrial products company’s stock valued at $398,069,000 after acquiring an additional 511,469 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Dover Corporation by 5.2% in the second quarter. Wells Fargo & Company MN now owns 3,132,315 shares of the industrial products company’s stock valued at $251,274,000 after acquiring an additional 154,678 shares during the last quarter. 85.38% of the stock is currently owned by institutional investors and hedge funds.

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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