William T. Bosway Sells 6,087 Shares of Dover Corporation (DOV) Stock
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.
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.
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