Dimensional Fund Advisors LP lessened its stake in shares of Dover Corporation (NYSE:DOV) by 1.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,822,891 shares of the industrial products company’s stock after selling 26,535 shares during the period. Dimensional Fund Advisors LP owned about 1.17% of Dover worth $166,596,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Dover by 2.3% during the second quarter. Vanguard Group Inc. now owns 16,549,433 shares of the industrial products company’s stock worth $1,327,596,000 after acquiring an additional 370,572 shares in the last quarter. BlackRock Inc. raised its holdings in Dover by 3.9% during the second quarter. BlackRock Inc. now owns 10,314,301 shares of the industrial products company’s stock worth $827,412,000 after acquiring an additional 389,449 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Dover by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company’s stock worth $531,702,000 after acquiring an additional 848,098 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Dover by 0.3% during the third quarter. Pzena Investment Management LLC now owns 5,613,811 shares of the industrial products company’s stock worth $513,046,000 after acquiring an additional 14,504 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Dover by 2.3% during the third quarter. Wells Fargo & Company MN now owns 3,205,690 shares of the industrial products company’s stock worth $292,968,000 after acquiring an additional 73,375 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.

In other news, Director Michael B. Stubbs sold 41,505 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total value of $3,970,783.35. Following the transaction, the director now owns 275,344 shares of the company’s stock, valued at $26,342,160.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael B. Stubbs sold 8,495 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 275,344 shares in the company, valued at approximately $26,515,627.20. The disclosure for this sale can be found here. Insiders sold 65,276 shares of company stock worth $6,234,042 in the last ninety days. 2.50% of the stock is owned by company insiders.

Shares of Dover Corporation (DOV) opened at $97.19 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.32 and a quick ratio of 0.87. The stock has a market capitalization of $15,077.46, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. Dover Corporation has a 52 week low of $74.53 and a 52 week high of $99.15.

Dover (NYSE:DOV) last posted its earnings results on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.11 by $0.05. Dover had a return on equity of 14.10% and a net margin of 8.91%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The firm’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 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Wednesday, November 29th. Dover’s payout ratio is 43.72%.

Several research firms recently issued reports on DOV. SunTrust Banks reiterated a “hold” rating and set a $96.00 target price on shares of Dover in a report on Monday, October 23rd. Seaport Global Securities reiterated a “neutral” rating on shares of Dover in a report on Wednesday, September 13th. Robert W. Baird reiterated a “buy” rating and set a $95.00 target price on shares of Dover in a report on Tuesday, September 12th. Stifel Nicolaus reiterated a “hold” rating and set a $92.00 target price on shares of Dover in a report on Tuesday, October 17th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $106.00 target price (up previously from $97.00) on shares of Dover in a report on Monday, October 2nd. Thirteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $94.69.

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About Dover

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 (NYSE:DOV)

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