First Mercantile Trust Co. lowered its stake in shares of Dover Corp (NYSE:DOV) by 38.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,815 shares of the industrial products company’s stock after selling 1,123 shares during the quarter. First Mercantile Trust Co.’s holdings in Dover were worth $183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in Dover during the fourth quarter worth about $133,000. Benjamin F. Edwards & Company Inc. boosted its position in Dover by 388.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 1,347 shares during the period. Cape Cod Five Cents Savings Bank bought a new position in Dover during the third quarter worth about $201,000. NBT Bank N A NY bought a new position in Dover during the third quarter worth about $202,000. Finally, Somerville Kurt F bought a new position in Dover during the fourth quarter worth about $202,000. Institutional investors own 84.24% of the company’s stock.

DOV has been the subject of a number of research reports. BMO Capital Markets reiterated a “buy” rating on shares of Dover in a research report on Friday, January 26th. Zacks Investment Research lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $100.00 target price on shares of Dover in a research report on Thursday, December 14th. Royal Bank of Canada reiterated a “hold” rating and set a $105.00 target price on shares of Dover in a research report on Wednesday, January 17th. Finally, UBS Group initiated coverage on shares of Dover in a research report on Monday, January 22nd. They set a “neutral” rating for the company. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $104.42.

Dover Corp (NYSE:DOV) opened at $99.69 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.01. Dover Corp has a 1 year low of $75.51 and a 1 year high of $109.06. The company has a market cap of $15,152.12, a P/E ratio of 24.35, a PEG ratio of 1.29 and a beta of 1.28.

Dover (NYSE:DOV) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. Dover had a net margin of 10.37% and a return on equity of 15.24%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. During the same period last year, the business earned $1.03 earnings per share. Dover’s revenue was up 13.5% compared to the same quarter last year. analysts predict that Dover Corp will post 5.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.47 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.89%. Dover’s dividend payout ratio (DPR) is currently 36.50%.

In other news, VP William T. Bosway sold 6,087 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the transaction, the vice president now directly owns 21,877 shares in the company, valued at $2,070,876.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen Gary Kennon sold 2,359 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $94.40, for a total transaction of $222,689.60. Following the completion of the transaction, the senior vice president now owns 5,192 shares of the company’s stock, valued at $490,124.80. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

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Dover 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 (NYSE:DOV)

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