Dover Corporation $DOV Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in shares of Dover Corporation (NYSE:DOV) by 18.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,488 shares of the industrial products company’s stock after acquiring an additional 3,160 shares during the period. Jones Financial Companies Lllp’s holdings in Dover were worth $3,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Dover by 1.4% in the second quarter. Vanguard Group Inc. now owns 16,573,281 shares of the industrial products company’s stock valued at $3,036,722,000 after buying an additional 231,146 shares during the last quarter. State Street Corp increased its holdings in shares of Dover by 2.7% in the 2nd quarter. State Street Corp now owns 6,447,149 shares of the industrial products company’s stock valued at $1,181,311,000 after acquiring an additional 171,934 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Dover by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 3,453,121 shares of the industrial products company’s stock worth $629,996,000 after acquiring an additional 33,539 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Dover by 10.6% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,376,279 shares of the industrial products company’s stock worth $435,406,000 after purchasing an additional 227,653 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Dover by 717.4% in the second quarter. First Trust Advisors LP now owns 1,716,256 shares of the industrial products company’s stock valued at $314,470,000 after purchasing an additional 1,506,288 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Price Performance

Shares of DOV opened at $223.75 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $224.03. The firm has a 50-day simple moving average of $201.20 and a 200-day simple moving average of $184.91. The company has a market capitalization of $30.69 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. Dover had a return on equity of 17.87% and a net margin of 13.52%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business earned $2.20 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on DOV. Robert W. Baird set a $255.00 price objective on shares of Dover in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dover in a research note on Monday, December 29th. Oppenheimer upped their price objective on shares of Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Royal Bank Of Canada lifted their target price on Dover from $199.00 to $209.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Insiders Place Their Bets

In other Dover news, SVP Ivonne M. Cabrera sold 2,630 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the transaction, the senior vice president directly owned 72,968 shares of the company’s stock, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher B. Woenker sold 1,627 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $186.04, for a total transaction of $302,687.08. Following the completion of the sale, the chief financial officer owned 2,553 shares of the company’s stock, valued at $474,960.12. This trade represents a 38.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.30% of the company’s stock.

Dover Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.