4,476 Shares in Dover Corporation $DOV Bought by Allstate Corp

Allstate Corp bought a new position in Dover Corporation (NYSE:DOV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,476 shares of the industrial products company’s stock, valued at approximately $747,000.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Dover by 62.1% in the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after acquiring an additional 676 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after acquiring an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dover during the second quarter valued at about $488,000. Finally, Farther Finance Advisors LLC raised its position in shares of Dover by 38.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 827 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 228 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dover news, SVP Ivonne M. Cabrera sold 2,630 shares of the 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 in the company, valued at $13,922,294.40. This represents a 3.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher B. Woenker sold 1,627 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $186.04, for a total value of $302,687.08. Following the completion of the sale, the chief financial officer owned 2,553 shares in the company, valued at approximately $474,960.12. The trade was a 38.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Dover in a research report on Monday, December 29th. Robert W. Baird set a $235.00 price target on Dover in a research note on Friday, October 24th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $199.00 target price on shares of Dover in a report on Thursday, January 15th. Finally, Oppenheimer increased their price target on shares of Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $218.09.

Dover Stock Up 0.4%

DOV opened at $209.40 on Friday. The company has a market cap of $28.72 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The company has a 50-day moving average price of $195.20 and a 200 day moving average price of $183.29. The company has a quick ratio of 1.44, a current ratio of 2.04 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.12. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. Sell-side analysts expect that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s payout ratio is presently 12.79%.

Dover Company 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.