Dover Corp (DOV) Shares Sold by Caisse DE Depot ET Placement DU Quebec

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Caisse DE Depot ET Placement DU Quebec lessened its stake in shares of Dover Corp (NYSE:DOV) by 94.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,600 shares of the industrial products company’s stock after selling 259,580 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Dover were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. United Capital Financial Advisers LLC raised its position in shares of Dover by 23.0% during the 1st quarter. United Capital Financial Advisers LLC now owns 3,532 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 660 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Dover by 1.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 67,485 shares of the industrial products company’s stock worth $4,940,000 after purchasing an additional 685 shares during the last quarter. Butensky & Cohen Financial Security Inc. raised its position in shares of Dover by 4.1% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 18,637 shares of the industrial products company’s stock worth $1,364,000 after purchasing an additional 740 shares during the last quarter. Sumitomo Life Insurance Co. raised its position in shares of Dover by 4.5% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 17,333 shares of the industrial products company’s stock worth $1,269,000 after purchasing an additional 743 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Dover by 3.9% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,727 shares of the industrial products company’s stock worth $1,444,000 after purchasing an additional 743 shares during the last quarter. Hedge funds and other institutional investors own 90.92% of the company’s stock.

In other news, Director Kristiane C. Graham sold 50,000 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $82.75, for a total value of $4,137,500.00. Following the completion of the sale, the director now owns 367,324 shares of the company’s stock, valued at approximately $30,396,061. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

Shares of NYSE DOV opened at $88.48 on Friday. Dover Corp has a 12-month low of $70.12 and a 12-month high of $88.71. The stock has a market cap of $12.96 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.35 and a quick ratio of 0.93.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 19th. The industrial products company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.09. Dover had a net margin of 9.64% and a return on equity of 18.66%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. equities analysts forecast that Dover Corp will post 4.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 31st will be paid a $0.48 dividend. This is a boost from Dover’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.17%. Dover’s dividend payout ratio is 47.64%.

Several brokerages recently issued reports on DOV. Stifel Nicolaus upped their price objective on shares of Dover from $85.00 to $92.00 and gave the company a “hold” rating in a research note on Wednesday. Oppenheimer reaffirmed a “hold” rating on shares of Dover in a research note on Tuesday, September 11th. Citigroup upped their price objective on shares of Dover from $84.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 20th. UBS Group upped their price objective on shares of Dover from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. Finally, William Blair reaffirmed a “market perform” rating on shares of Dover in a research note on Tuesday, July 3rd. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $92.77.

Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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