Ivonne Cabrera Sells 2,630 Shares of Dover (NYSE:DOV) Stock

Dover Corporation (NYSE:DOV) SVP Ivonne Cabrera sold 2,630 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $190.80, for a total transaction of $501,804.00. Following the completion of the transaction, the senior vice president owned 72,968 shares in the company, valued at $13,922,294.40. The trade was a 3.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Dover Trading Up 0.2%

Shares of Dover stock traded up $0.29 during trading on Friday, reaching $190.93. 770,713 shares of the stock were exchanged, compared to its average volume of 1,076,966. 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 firm has a market cap of $26.19 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.48 and a beta of 1.31. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The stock’s fifty day moving average is $175.99 and its 200 day moving average is $178.50.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The company had revenue of $1.78 billion for the quarter. As a group, equities research analysts expect that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, November 28th. Dover’s dividend payout ratio is currently 12.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Financial Life Planners bought a new stake in Dover during the third quarter worth about $25,000. AdvisorShares Investments LLC purchased a new position in shares of Dover during the second quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Dover by 122.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 93 shares in the last quarter. Caldwell Trust Co purchased a new stake in shares of Dover in the 2nd quarter worth approximately $31,000. Finally, Harbour Investments Inc. increased its position in Dover by 51.7% during the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dover in a report on Monday. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. BNP Paribas began coverage on shares of Dover in a research report on Thursday. They set a “neutral” rating and a $195.00 price target on the stock. Royal Bank Of Canada increased their price target on shares of Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $210.83.

Dover Company Profile

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.