Bingham Osborn & Scarborough LLC held its stake in Dover Corporation (NYSE:DOV) during the second quarter, Holdings Channel reports. The institutional investor owned 2,992 shares of the industrial products company’s stock at the end of the second quarter. Bingham Osborn & Scarborough LLC’s holdings in Dover Corporation were worth $240,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. First Bank & Trust raised its stake in Dover Corporation by 15.5% in the first quarter. First Bank & Trust now owns 1,326 shares of the industrial products company’s stock valued at $106,000 after buying an additional 178 shares in the last quarter. Ledyard National Bank raised its stake in Dover Corporation by 421.1% in the first quarter. Ledyard National Bank now owns 1,485 shares of the industrial products company’s stock valued at $119,000 after buying an additional 1,200 shares in the last quarter. IFP Advisors Inc raised its stake in Dover Corporation by 15.1% in the second quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock valued at $139,000 after buying an additional 227 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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. Finally, Penserra Capital Management LLC raised its stake 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. Institutional investors own 85.31% of the company’s stock.

Dover Corporation (NYSE:DOV) opened at 85.05 on Friday. The firm has a market cap of $13.25 billion, a P/E ratio of 21.26 and a beta of 1.27. The stock has a 50 day moving average price of $83.36 and a 200-day moving average price of $80.94. 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 results on Thursday, July 20th. The industrial products company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. Dover Corporation’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. Equities research analysts forecast that Dover Corporation will post $4.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Dover Corporation’s previous quarterly dividend of $0.44. Dover Corporation’s payout ratio is 44.11%.

ILLEGAL ACTIVITY NOTICE: This story was first posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/13/bingham-osborn-scarborough-llc-maintains-position-in-dover-corporation-dov.html.

Several research analysts have recently commented on DOV shares. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dover Corporation in a report on Wednesday, June 7th. BidaskClub raised Dover Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Bank of America Corporation boosted their target price on Dover Corporation from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Edward Jones downgraded Dover Corporation from a “buy” rating to a “hold” rating in a report on Saturday, April 22nd. Finally, Stifel Nicolaus boosted their target price on Dover Corporation from $85.00 to $87.00 and gave the stock a “hold” rating in a report on Friday, April 21st. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $87.73.

In other news, Director Michael B. Stubbs sold 25,000 shares of Dover Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the transaction, the director now owns 275,344 shares in the company, valued at $23,965,941.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael B. Stubbs sold 40,000 shares of Dover Corporation stock in a transaction on Friday, May 19th. The stock was sold at an average price of $83.22, for a total transaction of $3,328,800.00. Following the transaction, the director now owns 275,344 shares in the company, valued at approximately $22,914,127.68. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Dover Corporation 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.

Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corporation (NYSE:DOV).

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

Receive News & Ratings for Dover Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corporation and related companies with MarketBeat.com's FREE daily email newsletter.