SG Americas Securities LLC Purchases 25,216 Shares of Dover Corporation $DOV

SG Americas Securities LLC raised its position in shares of Dover Corporation (NYSE:DOV) by 1,644.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,749 shares of the industrial products company’s stock after buying an additional 25,216 shares during the quarter. SG Americas Securities LLC’s holdings in Dover were worth $4,463,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AdvisorShares Investments LLC purchased a new position in shares of Dover in the second quarter valued at $30,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of Dover by 122.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $31,000 after buying an additional 93 shares in the last quarter. Caldwell Trust Co purchased a new position in shares of Dover in the 2nd quarter worth $31,000. Harbour Investments Inc. increased its holdings in shares of Dover by 51.7% in the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of Dover during the 2nd quarter valued at about $33,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dover

In other Dover news, CFO Christopher B. Woenker sold 1,627 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $186.04, for a total value of $302,687.08. Following the transaction, the chief financial officer directly owned 2,553 shares in the company, valued at $474,960.12. This represents a 38.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total transaction of $501,804.00. Following the sale, the senior vice president directly owned 72,968 shares of the company’s stock, valued at $13,922,294.40. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Dover in a research note on Monday, December 29th. Wells Fargo & Company lifted their target price on Dover from $200.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Barclays lifted their price objective on shares of Dover from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Finally, Robert W. Baird set a $235.00 price objective on shares of Dover in a research report on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.09.

Dover Price Performance

Shares of DOV stock opened at $201.68 on Monday. The stock has a 50 day moving average price of $190.72 and a 200 day moving average price of $181.98. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04. The firm has a market capitalization of $27.66 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.41 and a beta of 1.31.

Dover (NYSE:DOV) last released its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The business had revenue of $1.78 billion for the quarter. Dover has set its FY 2025 guidance at 9.500-9.600 EPS. As a group, sell-side analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 12.79%.

Dover Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.