Dover Corporation (NYSE:DOV) VP William T. Bosway sold 6,087 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were 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 in the company, valued at $2,070,876.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dover Corporation (NYSE DOV) traded up $0.15 on Tuesday, reaching $94.79. The company’s stock had a trading volume of 505,283 shares, compared to its average volume of 1,233,371. The company has a market cap of $14,678.64, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.84 and a beta of 1.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.32 and a quick ratio of 0.87. Dover Corporation has a fifty-two week low of $68.10 and a fifty-two week high of $97.09.

Dover Corporation (NYSE:DOV) last announced its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.05. Dover Corporation had a return on equity of 14.10% and a net margin of 8.91%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue was up 17.5% compared to the same quarter last year. analysts anticipate that Dover Corporation will post 3.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Wednesday, November 29th. Dover Corporation’s dividend payout ratio is currently 43.72%.

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Several large investors have recently made changes to their positions in the company. Smith Shellnut Wilson LLC ADV bought a new position in shares of Dover Corporation in the 3rd quarter worth approximately $286,000. IFM Investors Pty Ltd bought a new position in Dover Corporation during the 3rd quarter valued at approximately $440,000. Independent Advisor Alliance increased its position in Dover Corporation by 13.8% during the 3rd quarter. Independent Advisor Alliance now owns 8,232 shares of the industrial products company’s stock valued at $772,000 after buying an additional 997 shares in the last quarter. Griffin Asset Management Inc. bought a new position in Dover Corporation during the 3rd quarter valued at approximately $2,828,000. Finally, California Public Employees Retirement System increased its position in Dover Corporation by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 415,576 shares of the industrial products company’s stock valued at $37,979,000 after buying an additional 9,128 shares in the last quarter. 85.66% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. Robert W. Baird set a $91.00 target price on Dover Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. BMO Capital Markets restated a “buy” rating and issued a $94.00 target price on shares of Dover Corporation in a research note on Sunday, August 27th. SunTrust Banks, Inc. restated a “hold” rating and issued a $90.00 target price on shares of Dover Corporation in a research note on Thursday, October 12th. Zacks Investment Research lowered Dover Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Citigroup Inc. restated a “neutral” rating and issued a $96.00 target price (up from $90.00) on shares of Dover Corporation in a research note on Monday, October 9th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Dover Corporation has an average rating of “Hold” and a consensus price target of $94.69.

Dover Corporation 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.

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

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