Harvey Investment Co. LLC continued to hold its stake in shares of Dover Corporation (NYSE:DOV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,198 shares of the industrial products company’s stock at the end of the second quarter. Harvey Investment Co. LLC’s holdings in Dover Corporation were worth $979,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in DOV. National Pension Service raised its stake in shares of Dover Corporation by 0.8% in the first quarter. National Pension Service now owns 145,970 shares of the industrial products company’s stock valued at $11,688,000 after buying an additional 1,220 shares during the last quarter. 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. Contravisory Investment Management Inc. raised its stake in shares of Dover Corporation by 7,073.9% in the first quarter. Contravisory Investment Management Inc. now owns 3,300 shares of the industrial products company’s stock worth $265,000 after buying an additional 3,254 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Dover Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 140,055 shares of the industrial products company’s stock worth $11,253,000 after buying an additional 4,217 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Dover Corporation by 2.6% in the fourth quarter. Macquarie Group Ltd. now owns 3,900 shares of the industrial products company’s stock worth $292,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.52% of the company’s stock.
Shares of Dover Corporation (NYSE DOV) traded up 0.09% on Friday, reaching $86.54. 2,406,304 shares of the company’s stock were exchanged. The company’s 50 day moving average is $82.25 and its 200-day moving average is $80.55. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 21.64 and a beta of 1.27. Dover Corporation has a one year low of $65.50 and a one year high of $87.23.
Dover Corporation (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 20th. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts anticipate that Dover Corporation will post $4.31 EPS for the current year.
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DOV has been the subject of a number of recent research reports. Bank of America Corporation boosted their price objective on shares of Dover Corporation from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Seaport Global Securities restated a “buy” rating on shares of Dover Corporation in a report on Monday, June 5th. BidaskClub upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Tuesday, July 18th. Finally, Barclays PLC boosted their price objective on shares of Dover Corporation from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.73.
In other news, VP C. Anderson Fincher sold 15,638 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $79.85, for a total value of $1,248,694.30. Following the completion of the sale, the vice president now directly owns 32,842 shares in the company, valued at $2,622,433.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael B. Stubbs sold 40,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $83.22, for a total value of $3,328,800.00. Following the completion of the transaction, the director now directly owns 275,344 shares in the company, valued at approximately $22,914,127.68. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
About Dover Corporation
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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