Dixon Hubard Feinour & Brown Inc. VA bought a new position in Dover Corp (NYSE:DOV) during the third quarter, Holdings Channel reports. The firm bought 2,493 shares of the industrial products company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in Dover by 15.9% in the second quarter. Bank of America Corp DE now owns 5,304,419 shares of the industrial products company’s stock valued at $388,283,000 after purchasing an additional 726,930 shares during the last quarter. Boston Partners lifted its stake in Dover by 110.3% in the second quarter. Boston Partners now owns 5,131,152 shares of the industrial products company’s stock valued at $375,601,000 after purchasing an additional 2,691,480 shares during the last quarter. Third Point LLC lifted its stake in Dover by 2.0% in the second quarter. Third Point LLC now owns 4,000,000 shares of the industrial products company’s stock valued at $292,800,000 after purchasing an additional 80,000 shares during the last quarter. Northern Trust Corp lifted its stake in Dover by 15.2% in the second quarter. Northern Trust Corp now owns 2,323,795 shares of the industrial products company’s stock valued at $170,101,000 after purchasing an additional 306,116 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in Dover by 11.1% in the second quarter. Wedge Capital Management L L P NC now owns 1,830,239 shares of the industrial products company’s stock valued at $133,973,000 after purchasing an additional 182,723 shares during the last quarter. Hedge funds and other institutional investors own 91.78% of the company’s stock.

Shares of DOV stock opened at $86.42 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. Dover Corp has a 1 year low of $70.12 and a 1 year high of $90.26. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32.

Dover (NYSE:DOV) last issued its earnings results on Thursday, October 18th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07. Dover had a net margin of 9.69% and a return on equity of 21.22%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts expect that Dover Corp will post 4.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.92 dividend on an annualized basis and a yield of 2.22%. Dover’s payout ratio is 47.64%.

In other Dover news, Director Mary A. Winston sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $82.29, for a total transaction of $164,580.00. Following the sale, the director now owns 13,055 shares of the company’s stock, valued at approximately $1,074,295.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

DOV has been the topic of several research analyst reports. ValuEngine upgraded Dover from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Gordon Haskett initiated coverage on Dover in a research note on Friday, October 12th. They issued a “buy” rating on the stock. Oppenheimer reiterated a “hold” rating on shares of Dover in a research note on Tuesday, September 11th. Barclays upped their price objective on Dover from $96.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, October 19th. Finally, Zacks Investment Research upgraded Dover from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $89.77.

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Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corp (NYSE:DOV).

Institutional Ownership by Quarter for Dover (NYSE:DOV)

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