BTIM Corp. trimmed its stake in Dover Corp (NYSE:DOV) by 77.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,325 shares of the industrial products company’s stock after selling 18,060 shares during the period. BTIM Corp.’s holdings in Dover were worth $499,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DOV. Lavaca Capital LLC bought a new stake in Dover in the fourth quarter valued at $25,000. Riverview Trust Co bought a new stake in Dover in the fourth quarter valued at $26,000. Capital Financial Planning LLC bought a new stake in Dover in the fourth quarter valued at $27,000. Private Capital Group LLC grew its position in Dover by 252.2% in the fourth quarter. Private Capital Group LLC now owns 398 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 285 shares during the period. Finally, Pinnacle Bank bought a new stake in Dover in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 86.34% of the company’s stock.

Dover stock opened at $97.78 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.49. Dover Corp has a 52 week low of $65.83 and a 52 week high of $98.80.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.12. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Dover had a return on equity of 24.90% and a net margin of 7.84%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Research analysts anticipate that Dover Corp will post 5.73 earnings per share for the current year.

In other Dover news, VP William Spurgeon sold 13,102 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $87.19, for a total value of $1,142,363.38. Following the transaction, the vice president now owns 6,393 shares of the company’s stock, valued at $557,405.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Carrie L. Anderson sold 9,038 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $91.95, for a total value of $831,044.10. Following the transaction, the vice president now directly owns 4,192 shares in the company, valued at approximately $385,454.40. The disclosure for this sale can be found here. In the last three months, insiders sold 48,200 shares of company stock worth $4,277,800. Insiders own 1.70% of the company’s stock.

A number of analysts have weighed in on DOV shares. Zacks Investment Research cut Dover from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Wolfe Research upgraded Dover from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. UBS Group upgraded Dover from a “neutral” rating to a “buy” rating and set a $76.35 price target on the stock in a research report on Thursday, January 10th. Oppenheimer reiterated a “hold” rating on shares of Dover in a research report on Tuesday, January 29th. Finally, SunTrust Banks boosted their price objective on Dover to $91.00 and gave the stock a “hold” rating in a research note on Wednesday, January 30th. They noted that the move was a valuation call. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.03.

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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 through 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 and 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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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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