Insider Selling: Dover Corporation (DOV) VP Sells $576,195.42 in Stock
Dover Corporation (NYSE:DOV) VP William T. Bosway sold 6,087 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total transaction of $576,195.42. Following the completion of the transaction, the vice president now owns 21,877 shares in the company, valued at $2,070,876.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Dover Corporation (DOV) opened at $94.71 on Friday. The company has a market cap of $14,754.98, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.32. Dover Corporation has a 52 week low of $68.10 and a 52 week high of $97.09.
Dover Corporation (NYSE:DOV) last posted its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover Corporation had a net margin of 8.91% and a return on equity of 14.10%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. equities research analysts forecast that Dover Corporation will post 3.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.88 annualized dividend and a dividend yield of 1.99%. Dover Corporation’s dividend payout ratio (DPR) is 43.72%.
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Large investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Dover Corporation by 15.1% during the 2nd quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 227 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Dover Corporation by 388.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 1,347 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Dover Corporation by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,236 shares of the industrial products company’s stock worth $179,000 after buying an additional 258 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Dover Corporation by 10.1% in the second quarter. First Mercantile Trust Co. now owns 2,327 shares of the industrial products company’s stock worth $187,000 after buying an additional 213 shares during the period. Finally, Cape Cod Five Cents Savings Bank acquired a new position in shares of Dover Corporation in the third quarter worth about $201,000. Institutional investors own 85.66% of the company’s stock.
A number of research analysts have recently issued reports on DOV shares. Royal Bank Of Canada restated a “hold” rating and issued a $91.00 price target on shares of Dover Corporation in a research report on Wednesday, September 6th. SunTrust Banks, Inc. restated a “hold” rating and issued a $90.00 price target on shares of Dover Corporation in a research report on Thursday, October 12th. J P Morgan Chase & Co upgraded shares of Dover Corporation from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $105.00 in a research report on Wednesday, September 20th. Seaport Global Securities restated a “neutral” rating on shares of Dover Corporation in a research report on Wednesday, September 13th. Finally, Zacks Investment Research downgraded shares of Dover Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $94.69.
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.
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