US Bancorp DE Has $17.46 Million Stock Holdings in Dover Corporation $DOV

US Bancorp DE decreased its stake in shares of Dover Corporation (NYSE:DOV) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 104,634 shares of the industrial products company’s stock after selling 2,285 shares during the quarter. US Bancorp DE’s holdings in Dover were worth $17,456,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Mission Wealth Management LP boosted its holdings in shares of Dover by 0.8% during the third quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock worth $1,250,000 after acquiring an additional 58 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Dover by 4.9% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,282 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 60 shares during the period. Certuity LLC grew its holdings in Dover by 2.5% in the 2nd quarter. Certuity LLC now owns 2,587 shares of the industrial products company’s stock valued at $474,000 after buying an additional 64 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in Dover by 4.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 1,517 shares of the industrial products company’s stock worth $253,000 after buying an additional 64 shares during the period. Finally, CWA Asset Management Group LLC lifted its holdings in shares of Dover by 5.7% during the third quarter. CWA Asset Management Group LLC now owns 1,218 shares of the industrial products company’s stock worth $203,000 after buying an additional 66 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DOV. The Goldman Sachs Group restated a “buy” rating and issued a $224.00 price target on shares of Dover in a research note on Saturday, January 31st. Royal Bank Of Canada boosted their price objective on shares of Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Oppenheimer lifted their price target on shares of Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. UBS Group set a $256.00 price target on Dover and gave the stock a “buy” rating in a research report on Sunday, January 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Dover Stock Down 0.8%

Shares of DOV opened at $225.32 on Friday. The firm has a 50 day simple moving average of $212.11 and a two-hundred day simple moving average of $190.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28. Dover Corporation has a one year low of $143.04 and a one year high of $237.54. The company has a market cap of $30.39 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.73 and a beta of 1.29.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Dover had a return on equity of 17.87% and a net margin of 13.52%.The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company posted $2.20 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts forecast that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 27th. Dover’s dividend payout ratio (DPR) is presently 26.20%.

Insider Activity at Dover

In other news, VP Girish Juneja sold 1,500 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total value of $346,155.00. Following the completion of the transaction, the vice president directly owned 8,422 shares in the company, valued at approximately $1,943,544.94. This represents a 15.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total value of $932,920.00. Following the sale, the senior vice president owned 72,188 shares in the company, valued at approximately $16,836,407.24. This trade represents a 5.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 85,127 shares of company stock valued at $19,698,081. 1.30% of the stock is owned by insiders.

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.