Barrett Asset Management LLC boosted its position in shares of Dover Corporation (NYSE:DOV) by 83.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,660 shares of the industrial products company’s stock after buying an additional 1,210 shares during the period. Barrett Asset Management LLC’s holdings in Dover Corporation were worth $213,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DOV. Nisa Investment Advisors LLC boosted its stake in Dover Corporation by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 66,174 shares of the industrial products company’s stock worth $5,317,000 after buying an additional 580 shares in the last quarter. DnB Asset Management AS boosted its stake in Dover Corporation by 2.7% in the first quarter. DnB Asset Management AS now owns 23,216 shares of the industrial products company’s stock worth $1,865,000 after buying an additional 600 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Dover Corporation by 2.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 81,798 shares of the industrial products company’s stock worth $6,572,000 after buying an additional 1,939 shares in the last quarter. Oliver Luxxe Assets LLC boosted its stake in Dover Corporation by 4.2% in the first quarter. Oliver Luxxe Assets LLC now owns 13,891 shares of the industrial products company’s stock worth $1,116,000 after buying an additional 563 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Dover Corporation during the first quarter worth approximately $635,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Dover Corporation (NYSE DOV) opened at 87.25 on Tuesday. The stock’s 50 day moving average is $82.25 and its 200-day moving average is $80.55. The firm has a market capitalization of $13.59 billion, a P/E ratio of 21.81 and a beta of 1.27. Dover Corporation has a 1-year low of $65.50 and a 1-year high of $87.63.

Dover Corporation (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company earned $0.76 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. Analysts forecast that Dover Corporation will post $4.31 EPS for the current year.

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A number of research firms recently commented on DOV. Zacks Investment Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Tuesday, July 18th. BidaskClub cut shares of Dover Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Dover Corporation in a research report on Wednesday, June 7th. Seaport Global Securities restated a “buy” rating on shares of Dover Corporation in a research report on Monday, June 5th. Finally, CIBC restated a “hold” rating on shares of Dover Corporation in a research report on Wednesday, May 24th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Dover Corporation presently has an average rating of “Hold” and a consensus target price of $87.73.

In other news, Director Michael B. Stubbs sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.04, for a total value of $2,176,000.00. Following the sale, the director now owns 275,344 shares of the company’s stock, valued at $23,965,941.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP C. Anderson Fincher sold 15,638 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $79.85, for a total transaction of $1,248,694.30. Following the completion of the sale, the vice president now directly owns 32,842 shares in the company, valued at approximately $2,622,433.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,638 shares of company stock worth $6,753,494. Corporate insiders own 2.50% of the company’s stock.

About Dover Corporation

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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Institutional Ownership by Quarter for Dover Corporation (NYSE:DOV)

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