Ingalls & Snyder LLC continued to hold its position in shares of Dover Corporation (NYSE:DOV) during the second quarter, Holdings Channel reports. The fund owned 5,350 shares of the industrial products company’s stock at the end of the second quarter. Ingalls & Snyder LLC’s holdings in Dover Corporation were worth $429,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Bank & Trust raised its position in shares of Dover Corporation by 15.5% in the first quarter. First Bank & Trust now owns 1,326 shares of the industrial products company’s stock worth $106,000 after buying an additional 178 shares during the period. Ledyard National Bank raised its position in shares of Dover Corporation by 421.1% in the first quarter. Ledyard National Bank now owns 1,485 shares of the industrial products company’s stock worth $119,000 after buying an additional 1,200 shares during the period. Tower Research Capital LLC TRC increased its position in Dover Corporation by 5,446.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock valued at $143,000 after buying an additional 1,743 shares in the last quarter. Penserra Capital Management LLC increased its position in Dover Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,978 shares of the industrial products company’s stock valued at $158,000 after buying an additional 172 shares in the last quarter. Finally, First Mercantile Trust Co. increased its position in Dover Corporation by 16.8% in the first quarter. First Mercantile Trust Co. now owns 2,114 shares of the industrial products company’s stock valued at $170,000 after buying an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Shares of Dover Corporation (DOV) opened at 87.25 on Tuesday. Dover Corporation has a 52 week low of $65.50 and a 52 week high of $87.63. The firm has a 50 day moving average price of $82.25 and a 200-day moving average price of $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 (NYSE:DOV) last released its quarterly earnings results on Thursday, July 20th. The industrial products company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.03. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research analysts predict that Dover Corporation will post $4.31 EPS for the current fiscal year.

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Several research firms recently commented on DOV. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dover Corporation in a research note on Wednesday, June 7th. BidaskClub raised Dover Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Bank of America Corporation increased their price objective on Dover Corporation from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Edward Jones downgraded Dover Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, April 22nd. Finally, Stifel Nicolaus increased their price objective on Dover Corporation from $85.00 to $87.00 and gave the company a “hold” rating in a research note on Friday, April 21st. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus 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 on Friday, August 4th. The stock was sold at an average price of $87.04, for a total value of $2,176,000.00. Following the completion of the transaction, the director now directly 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 this hyperlink. Also, Director Michael B. Stubbs sold 40,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $83.22, for a total value of $3,328,800.00. Following the completion of the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at $22,914,127.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,638 shares of company stock valued at $6,753,494. 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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