Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Dover Corporation (NYSE:DOV) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,770 shares of the industrial products company’s stock after acquiring an additional 1,416 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dover Corporation were worth $2,172,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of DOV. FMR LLC lifted its position in shares of Dover Corporation by 9.1% in the 1st quarter. FMR LLC now owns 131,857 shares of the industrial products company’s stock valued at $10,594,000 after acquiring an additional 11,032 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Dover Corporation by 6.1% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,720 shares of the industrial products company’s stock valued at $460,000 after acquiring an additional 330 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Dover Corporation by 2.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 10,577 shares of the industrial products company’s stock valued at $848,000 after acquiring an additional 234 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Dover Corporation by 8.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,189 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 240 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Dover Corporation by 9.7% in the 2nd quarter. National Pension Service now owns 160,096 shares of the industrial products company’s stock valued at $12,612,000 after acquiring an additional 14,126 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

A number of equities research analysts have issued reports on DOV shares. Robert W. Baird set a $91.00 target price on shares of Dover Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. BMO Capital Markets reiterated a “buy” rating and issued a $94.00 target price on shares of Dover Corporation in a research report on Sunday, August 27th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $90.00 target price on shares of Dover Corporation in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Dover Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $96.00 target price (up previously from $90.00) on shares of Dover Corporation in a research report on Monday, October 9th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $94.69.

Dover Corporation (DOV) opened at $93.79 on Friday. Dover Corporation has a 12 month low of $68.10 and a 12 month high of $97.09. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.70. The stock has a market cap of $14,611.64, a price-to-earnings ratio of 25.98, a P/E/G ratio of 1.83 and a beta of 1.28.

Dover Corporation (NYSE:DOV) last posted its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.05. Dover Corporation had a net margin of 8.91% and a return on equity of 14.10%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business posted $0.83 EPS. Dover Corporation’s revenue was up 17.5% compared to the same quarter last year. equities analysts anticipate that Dover Corporation will post 3.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.47 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.88 dividend on an annualized basis and a yield of 2.00%. Dover Corporation’s payout ratio is presently 43.72%.

In related news, Director Michael B. Stubbs sold 8,495 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.30, for a total value of $818,068.50. Following the transaction, the director now directly owns 275,344 shares in the company, valued at approximately $26,515,627.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul Goldberg sold 4,400 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $95.25, for a total transaction of $419,100.00. Following the completion of the transaction, the vice president now owns 4,070 shares in the company, valued at $387,667.50. The disclosure for this sale can be found here. Insiders sold a total of 54,400 shares of company stock worth $5,207,952 over the last quarter. 2.50% of the stock is currently owned by company insiders.

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Dover Corporation 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.

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

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