Dover Corporation (NYSE:DOV) SVP Stephen Gary Kennon Sells 2,359 Shares

Dover Corporation (NYSE:DOV) SVP Stephen Gary Kennon sold 2,359 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $94.40, for a total transaction of $222,689.60. Following the sale, the senior vice president now directly owns 5,192 shares of the company’s stock, valued at approximately $490,124.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dover Corporation (NYSE:DOV) traded up $0.33 during trading on Wednesday, reaching $96.28. 640,275 shares of the company’s stock traded hands, compared to its average volume of 1,215,266. The firm has a market cap of $15,195.86, a price-to-earnings ratio of 27.02, a PEG ratio of 1.90 and a beta of 1.29. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. Dover Corporation has a 1 year low of $74.53 and a 1 year high of $98.60.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover had a net margin of 8.91% and a return on equity of 14.10%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. research analysts expect that Dover Corporation will post 3.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.88 annualized dividend and a dividend yield of 1.95%. Dover’s dividend payout ratio (DPR) is 43.72%.

Several research analysts have commented on the stock. ValuEngine cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. SunTrust Banks restated a “hold” rating and issued a $96.00 target price on shares of Dover in a research report on Monday, October 23rd. Stifel Nicolaus restated a “hold” rating and issued a $92.00 target price on shares of Dover in a research report on Tuesday, October 17th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $96.00 price target (up from $90.00) on shares of Dover in a research note on Monday, October 9th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $94.69.

Several institutional investors and hedge funds have recently made changes to their positions in DOV. FMR LLC increased its stake in shares of Dover by 9.1% during the 1st quarter. FMR LLC now owns 131,857 shares of the industrial products company’s stock worth $10,594,000 after purchasing an additional 11,032 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Dover by 2.3% during the 2nd quarter. Gateway Investment Advisers LLC now owns 10,577 shares of the industrial products company’s stock worth $848,000 after buying an additional 234 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Dover by 8.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,189 shares of the industrial products company’s stock worth $255,000 after buying an additional 240 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Dover by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the industrial products company’s stock worth $778,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of Dover by 7.5% during the 2nd quarter. Aperio Group LLC now owns 106,124 shares of the industrial products company’s stock worth $8,513,000 after buying an additional 7,410 shares during the period. Institutional investors own 84.60% of the company’s stock.

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About Dover

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.

Insider Buying and Selling by Quarter for Dover (NYSE:DOV)

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