Key Points
- CFO Christopher Woenker sold 1,627 shares on Nov. 28 at an average price of $186.04 for proceeds of $302,687, reducing his stake by 38.92% to 2,553 shares (≈$475k).
- $0.52 quarterly dividend was declared (ex-dividend and record date Nov. 28; payable Dec. 15), representing a $2.08 annualized payout and a 1.1% yield with a 12.79% payout ratio.
- Dover has a market cap of $25.37B and a P/E of 11.38, with analysts giving an average rating of "Moderate Buy" and a consensus target price of $212.27.
Dover Corporation (NYSE:DOV - Get Free Report) CFO Christopher Woenker sold 1,627 shares of the firm's stock in a transaction on Friday, November 28th. The shares were sold at an average price of $186.04, for a total value of $302,687.08. Following the transaction, the chief financial officer owned 2,553 shares in the company, valued at approximately $474,960.12. This trade represents a 38.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Dover Stock Performance
NYSE DOV opened at $184.96 on Tuesday. The company has a fifty day moving average price of $174.66 and a 200-day moving average price of $178.32. The firm has a market cap of $25.37 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31.
Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. The business had revenue of $1.78 billion for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. As a group, equities research analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.
Dover Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. Dover's dividend payout ratio is currently 12.79%.
Analyst Ratings Changes
DOV has been the topic of a number of recent analyst reports. Robert W. Baird set a $235.00 price target on Dover in a report on Friday, October 24th. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. Wells Fargo & Company boosted their price target on shares of Dover from $180.00 to $190.00 and gave the stock an "equal weight" rating in a report on Friday, October 24th. Royal Bank Of Canada raised their price objective on shares of Dover from $183.00 to $198.00 and gave the stock a "sector perform" rating in a report on Friday, October 24th. Finally, Barclays boosted their target price on shares of Dover from $190.00 to $195.00 and gave the company an "equal weight" rating in a research note on Friday, October 24th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $212.27.
View Our Latest Research Report on Dover
Institutional Investors Weigh In On Dover
Several institutional investors have recently added to or reduced their stakes in the business. Legacy Financial Advisors Inc. increased its stake in shares of Dover by 1.4% in the first quarter. Legacy Financial Advisors Inc. now owns 4,134 shares of the industrial products company's stock worth $726,000 after purchasing an additional 57 shares in the last quarter. Mission Wealth Management LP grew its stake in Dover by 0.8% in the 3rd quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company's stock valued at $1,250,000 after buying an additional 58 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Dover by 4.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,513 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 59 shares during the period. Summit Financial LLC lifted its position in shares of Dover by 0.9% during the first quarter. Summit Financial LLC now owns 6,599 shares of the industrial products company's stock worth $1,159,000 after acquiring an additional 60 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Dover by 51.7% in the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company's stock worth $32,000 after acquiring an additional 60 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.
About Dover
(
Get Free Report)
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.
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