Dover Corp (NYSE:DOV) – Investment analysts at William Blair raised their Q3 2018 earnings per share (EPS) estimates for shares of Dover in a research report issued on Tuesday. William Blair analyst N. Heymann now anticipates that the industrial products company will earn $1.57 per share for the quarter, up from their previous forecast of $1.51.
Dover (NYSE:DOV) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.09. Dover had a net margin of 10.37% and a return on equity of 15.24%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year.
Shares of Dover (NYSE:DOV) opened at $100.62 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Dover has a 12-month low of $75.97 and a 12-month high of $109.06. The stock has a market cap of $15,674.08, a price-to-earnings ratio of 25.19, a PEG ratio of 1.33 and a beta of 1.28.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, February 27th. Dover’s payout ratio is 36.50%.
In other Dover news, SVP Patrick Burns bought 510 shares of Dover stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average price of $97.51 per share, for a total transaction of $49,730.10. Following the completion of the acquisition, the senior vice president now owns 1,883 shares of the company’s stock, valued at approximately $183,611.33. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul Goldberg sold 3,300 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $102.00, for a total transaction of $336,600.00. Following the transaction, the vice president now owns 4,545 shares of the company’s stock, valued at approximately $463,590. The disclosure for this sale can be found here. Insiders have sold 19,897 shares of company stock valued at $2,031,745 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NewFocus Financial Group LLC boosted its holdings in Dover by 1.4% during the fourth quarter. NewFocus Financial Group LLC now owns 39,187 shares of the industrial products company’s stock worth $3,957,000 after purchasing an additional 528 shares during the last quarter. Reilly Herbert Faulkner III lifted its stake in Dover by 1.1% in the fourth quarter. Reilly Herbert Faulkner III now owns 47,655 shares of the industrial products company’s stock valued at $4,813,000 after acquiring an additional 529 shares during the last quarter. Commonwealth Equity Services Inc lifted its stake in Dover by 5.3% in the third quarter. Commonwealth Equity Services Inc now owns 11,590 shares of the industrial products company’s stock valued at $1,059,000 after acquiring an additional 582 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Dover by 4.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,707 shares of the industrial products company’s stock valued at $1,384,000 after acquiring an additional 584 shares during the last quarter. Finally, Global Financial Private Capital LLC lifted its stake in Dover by 15.8% in the fourth quarter. Global Financial Private Capital LLC now owns 4,526 shares of the industrial products company’s stock valued at $457,000 after acquiring an additional 616 shares during the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.
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Dover 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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