Dover (NYSE:DOV) VP Sells 1,500 Shares

Dover Corporation (NYSE:DOV) VP Girish Juneja sold 1,500 shares of Dover stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total value of $346,155.00. Following the transaction, the vice president directly owned 8,422 shares in the company, valued at approximately $1,943,544.94. This trade represents a 15.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dover Stock Down 0.9%

Shares of NYSE DOV traded down $2.16 during mid-day trading on Thursday, reaching $230.92. The company had a trading volume of 2,026,122 shares, compared to its average volume of 1,410,214. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. The company has a market capitalization of $31.67 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 1.76 and a beta of 1.29. The stock has a fifty day moving average of $203.70 and a two-hundred day moving average of $185.78. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $237.54.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the business earned $2.20 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities research analysts expect that Dover Corporation will post 9.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. DRW Securities LLC acquired a new stake in Dover in the 4th quarter worth approximately $243,000. Orion Porfolio Solutions LLC boosted its holdings in shares of Dover by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after buying an additional 51 shares during the period. Foster Dykema Cabot & Partners LLC grew its stake in Dover by 449.2% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $209,000 after buying an additional 876 shares during the last quarter. SMA Capital LLC bought a new position in Dover in the 4th quarter worth $6,248,000. Finally, Cibc World Markets Corp acquired a new position in Dover during the 4th quarter worth $3,725,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DOV. BNP Paribas Exane started coverage on Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 price objective for the company. Robert W. Baird set a $255.00 price target on Dover in a research note on Friday, January 30th. Barclays set a $206.00 price target on Dover in a report on Monday, February 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $224.00 price objective on shares of Dover in a report on Saturday, January 31st. Finally, Royal Bank Of Canada raised their price objective on shares of Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.