Osborn Williams & Donohoe LLC decreased its position in shares of Dover Corporation (NYSE:DOV) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,233 shares of the industrial products company’s stock after selling 100 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Dover Corporation were worth $1,623,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Bank of America Corp DE raised its stake 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 worth $517,953,000 after buying an additional 553,136 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Dover Corporation by 7.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,584 shares of the industrial products company’s stock worth $690,000 after buying an additional 625 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Dover Corporation during the first quarter worth $6,512,000. Candriam Luxembourg S.C.A. raised its stake in shares of Dover Corporation by 32.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 14,205 shares of the industrial products company’s stock worth $1,141,000 after buying an additional 3,477 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Dover Corporation by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 48,908 shares of the industrial products company’s stock worth $3,929,000 after buying an additional 800 shares during the last quarter. 84.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dover Corporation (NYSE:DOV) traded down 0.36% during mid-day trading on Friday, hitting $82.87. 1,185,977 shares of the stock were exchanged. Dover Corporation has a 52-week low of $65.50 and a 52-week high of $85.31. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 20.72 and a beta of 1.27. The stock has a 50-day moving average price of $82.08 and a 200 day moving average price of $80.17.
Dover Corporation (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 20th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Dover Corporation had a net margin of 8.61% and a return on equity of 13.56%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $0.76 EPS. Dover Corporation’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, equities research analysts expect that Dover Corporation will post $4.27 earnings per share for the current year.
DOV has been the subject of a number of recent research reports. Morgan Stanley raised shares of Dover Corporation from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $85.00 to $90.00 in a research report on Monday, April 3rd. Zacks Investment Research raised shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued a “sector perform” rating and set a $89.00 price target (up from $86.00) on shares of Dover Corporation in a research report on Sunday, April 23rd. Edward Jones cut shares of Dover Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, April 22nd. Finally, Seaport Global Securities reissued a “buy” rating on shares of Dover Corporation in a research report on Monday, June 5th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $87.73.
In other Dover Corporation news, VP C. Anderson Fincher sold 15,638 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 32,842 shares of the company’s stock, valued at approximately $2,622,433.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael B. Stubbs sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $83.22, for a total transaction of $3,328,800.00. Following the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at $22,914,127.68. The disclosure for this sale can be found here. Insiders have sold a total of 63,502 shares of company stock valued at $5,216,444 over the last three months. 2.50% of the stock is currently owned by insiders.
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.
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