Dover Corporation (NYSE:DOV) Position Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in Dover Corporation (NYSE:DOV) by 13.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,100 shares of the industrial products company’s stock after selling 2,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Dover Corporation were worth $1,454,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Dover Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 16,178,861 shares of the industrial products company’s stock valued at $1,299,971,000 after buying an additional 792,862 shares in the last quarter. BlackRock Inc. boosted its position in shares of Dover Corporation by 1,664.3% in the first quarter. BlackRock Inc. now owns 9,924,852 shares of the industrial products company’s stock valued at $797,462,000 after buying an additional 9,362,330 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Dover Corporation by 9.4% in the first quarter. Bank of America Corp DE now owns 6,446,209 shares of the industrial products company’s stock valued at $517,953,000 after buying an additional 553,136 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Dover Corporation by 9.2% in the first quarter. JPMorgan Chase & Co. now owns 4,450,739 shares of the industrial products company’s stock valued at $357,617,000 after buying an additional 375,001 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Dover Corporation by 10.0% in the first quarter. Wells Fargo & Company MN now owns 2,977,637 shares of the industrial products company’s stock valued at $239,252,000 after buying an additional 271,167 shares in the last quarter. Institutional investors and hedge funds own 84.62% of the company’s stock.

Dover Corporation (DOV) traded down 0.36% during midday trading on Friday, reaching $82.87. 1,185,977 shares of the company’s stock traded hands. Dover Corporation has a 52-week low of $65.50 and a 52-week high of $85.31. The stock has a market cap of $12.90 billion, a P/E ratio of 22.40 and a beta of 1.27. The company’s 50-day moving average price is $82.08 and its 200-day moving average price is $80.17.

Dover Corporation (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. Dover Corporation had a net margin of 8.61% and a return on equity of 13.56%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Dover Corporation will post $4.27 EPS for the current fiscal year.

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Several brokerages have recently commented on DOV. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dover Corporation in a report on Wednesday, June 7th. Citigroup Inc. increased their price target on shares of Dover Corporation from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 11th. CIBC reiterated a “hold” rating on shares of Dover Corporation in a research report on Wednesday, May 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $90.00 price target (up previously from $89.00) on shares of Dover Corporation in a research report on Thursday, July 6th. Finally, BidaskClub upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $87.73.

In other news, VP William Spurgeon sold 7,864 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $81.25, for a total transaction of $638,950.00. Following the completion of the sale, the vice president now directly owns 39,155 shares of the company’s stock, valued at $3,181,343.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP C. Anderson Fincher sold 15,638 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $79.85, for a total transaction of $1,248,694.30. Following the sale, the vice president now directly owns 32,842 shares of the company’s stock, valued at $2,622,433.70. The disclosure for this sale can be found here. Insiders have sold 63,502 shares of company stock worth $5,216,444 in the last quarter. Company insiders own 2.50% of the company’s stock.

Dover Corporation Company Profile

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

Institutional Ownership by Quarter for Dover Corporation (NYSE:DOV)

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