SG Americas Securities LLC Has $9.51 Million Stake in Dover Corporation $DOV

SG Americas Securities LLC grew its stake in shares of Dover Corporation (NYSE:DOV) by 82.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 48,698 shares of the industrial products company’s stock after acquiring an additional 21,949 shares during the quarter. SG Americas Securities LLC’s holdings in Dover were worth $9,508,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Dover in the 3rd quarter valued at approximately $25,000. Tompkins Financial Corp grew its holdings in Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 77 shares during the period. Caldwell Trust Co bought a new stake in Dover in the second quarter valued at approximately $31,000. Westside Investment Management Inc. increased its stake in Dover by 100.0% in the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 114 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in Dover by 371.4% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 208 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dover

In related news, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the transaction, the senior vice president directly owned 72,188 shares in the company, valued at approximately $16,836,407.24. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Girish Juneja sold 1,500 shares of Dover stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total value of $346,155.00. Following the completion of the sale, the vice president directly owned 8,422 shares in the company, valued at approximately $1,943,544.94. This represents a 15.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,497 shares of company stock valued at $19,196,277 over the last three months. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley set a $210.00 price target on shares of Dover in a research report on Wednesday, February 4th. Robert W. Baird set a $255.00 price objective on Dover in a research note on Friday, January 30th. Barclays set a $206.00 target price on Dover in a report on Monday, February 2nd. BMO Capital Markets initiated coverage on Dover in a research note on Friday. They issued a “market perform” rating and a $237.00 target price for the company. Finally, Oppenheimer increased their price target on Dover from $228.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $226.54.

Dover Stock Up 0.1%

Shares of DOV stock opened at $206.78 on Monday. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $237.54. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $216.71 and a 200-day moving average of $194.98. The company has a market capitalization of $27.87 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 1.59 and a beta of 1.26.

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. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Dover had a net margin of 13.52% and a return on equity of 17.87%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. As a group, equities research analysts predict that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Dover’s dividend payout ratio is currently 26.20%.

About Dover

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.