Key Points
- SVP Ivonne Cabrera sold 2,630 shares of Dover on Dec. 4 at an average price of $190.80 for about $501,804, and now owns 72,968 shares—a 3.48% reduction in her stake.
- Dover declared a quarterly dividend of $0.52 per share (annualized $2.08) payable Dec. 15 to shareholders of record on Nov. 28, implying a yield of ~1.1% and a payout ratio of 12.79%.
- The stock carries a consensus "Hold" rating with a consensus target price of $210.83; six analysts rate it Buy and seven rate it Hold, with recent price-target hikes in the $190–$228 range.
Dover Corporation (NYSE:DOV - Get Free Report) SVP Ivonne Cabrera sold 2,630 shares of the business's stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total transaction of $501,804.00. Following the completion of the sale, the senior vice president owned 72,968 shares of the company's stock, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Dover Price Performance
Shares of NYSE:DOV opened at $190.93 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The stock has a market cap of $26.19 billion, a PE ratio of 11.74, a PEG ratio of 1.48 and a beta of 1.31. The company's fifty day moving average is $176.45 and its 200 day moving average is $178.53. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31.
Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. The firm had revenue of $1.78 billion for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%. Research analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current year.
Dover Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 28th. Dover's payout ratio is 12.79%.
Wall Street Analyst Weigh In
DOV has been the subject of a number of analyst reports. Oppenheimer increased their price objective on Dover from $225.00 to $228.00 and gave the company an "outperform" rating in a research note on Friday, November 14th. JPMorgan Chase & Co. increased their price target on shares of Dover from $217.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Wells Fargo & Company boosted their price objective on shares of Dover from $180.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, October 24th. Morgan Stanley upped their price objective on shares of Dover from $185.00 to $195.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 28th. Finally, Barclays raised their target price on Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Friday, October 24th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $210.83.
View Our Latest Analysis on DOV
Hedge Funds Weigh In On Dover
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Machina Capital S.A.S. grew its stake in shares of Dover by 38.8% in the second quarter. Machina Capital S.A.S. now owns 8,779 shares of the industrial products company's stock worth $1,609,000 after acquiring an additional 2,452 shares during the last quarter. Nordea Investment Management AB boosted its stake in Dover by 9.3% in the 2nd quarter. Nordea Investment Management AB now owns 124,031 shares of the industrial products company's stock worth $22,701,000 after purchasing an additional 10,581 shares in the last quarter. Hsbc Holdings PLC grew its position in Dover by 77.9% during the 1st quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company's stock valued at $107,677,000 after purchasing an additional 268,931 shares during the last quarter. Acadian Asset Management LLC increased its stake in Dover by 1,034.4% during the 1st quarter. Acadian Asset Management LLC now owns 34,237 shares of the industrial products company's stock valued at $6,012,000 after purchasing an additional 31,219 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Dover by 4.8% in the first quarter. Raymond James Financial Inc. now owns 171,766 shares of the industrial products company's stock worth $30,176,000 after buying an additional 7,903 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.
Dover Company Profile
(
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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