Dover Corp (NYSE:DOV) saw unusually-strong trading volume on Wednesday . Approximately 1,423,124 shares traded hands during trading, an increase of 16% from the previous session’s volume of 1,231,343 shares.The stock last traded at $103.22 and had previously closed at $103.91.
A number of equities research analysts have recently weighed in on DOV shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Dover in a research note on Friday, January 26th. Stifel Nicolaus reissued a “hold” rating and set a $112.00 price objective (up previously from $100.00) on shares of Dover in a report on Tuesday, January 16th. ValuEngine lowered Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Seaport Global Securities reissued a “hold” rating and set a $110.00 price objective on shares of Dover in a report on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $105.00 price objective on shares of Dover in a report on Wednesday, January 17th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Dover presently has an average rating of “Hold” and a consensus price target of $107.83.
The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.40. The firm has a market capitalization of $16,046.24, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.37 and a beta of 1.28.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, February 27th. Dover’s dividend payout ratio (DPR) is currently 36.50%.
In other Dover news, VP Paul Goldberg sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $102.00, for a total value of $336,600.00. Following the sale, the vice president now owns 4,545 shares of the company’s stock, valued at approximately $463,590. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Patrick Burns bought 510 shares of the stock in a transaction on Friday, March 2nd. The stock was acquired at an average cost of $97.51 per share, for a total transaction of $49,730.10. Following the acquisition, the senior vice president now directly owns 1,883 shares in the company, valued at $183,611.33. The disclosure for this purchase can be found here. Insiders sold a total of 19,897 shares of company stock worth $2,031,745 in the last ninety days. Insiders own 2.50% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOV. Cerebellum GP LLC acquired a new stake in Dover in the 4th quarter valued at approximately $133,000. Tower Research Capital LLC TRC grew its holdings in Dover by 891.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock valued at $179,000 after buying an additional 1,596 shares during the last quarter. Somerville Kurt F bought a new stake in shares of Dover in the 4th quarter worth approximately $202,000. Associated Banc Corp bought a new stake in shares of Dover in the 4th quarter worth approximately $202,000. Finally, Hemenway Trust Co LLC bought a new stake in shares of Dover in the 4th quarter worth approximately $203,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.
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 four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.
Receive News & Ratings for Dover Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover and related companies with MarketBeat.com's FREE daily email newsletter.