Dover Corporation $DOV Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its holdings in Dover Corporation (NYSE:DOV) by 91.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,834 shares of the industrial products company’s stock after buying an additional 8,055 shares during the quarter. Machina Capital S.A.S.’s holdings in Dover were worth $2,808,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DOV. AdvisorShares Investments LLC acquired a new position in Dover during the 2nd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its stake in Dover by 122.4% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $31,000 after buying an additional 93 shares during the last quarter. Caldwell Trust Co acquired a new position in shares of Dover during the second quarter valued at $31,000. Harbour Investments Inc. grew its position in shares of Dover by 51.7% during the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Dover in the 2nd quarter worth about $37,000. Institutional investors own 84.46% of the company’s stock.

Insider Activity at Dover

In related news, SVP Ivonne M. Cabrera sold 2,630 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 72,968 shares in the company, valued at approximately $13,922,294.40. This trade represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Christopher B. Woenker sold 1,627 shares of Dover stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $186.04, for a total transaction of $302,687.08. Following the completion of the transaction, the chief financial officer owned 2,553 shares in the company, valued at approximately $474,960.12. This trade represents a 38.92% 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 Ratings Changes

DOV has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group restated a “buy” rating and issued a $224.00 target price on shares of Dover in a research report on Saturday. BNP Paribas Exane started coverage on Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 price target for the company. Barclays set a $206.00 price target on Dover in a report on Monday. Finally, Robert W. Baird set a $255.00 price objective on shares of Dover in a report on Friday. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $222.75.

Dover Stock Up 2.0%

DOV opened at $211.53 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. The company has a market capitalization of $29.01 billion, a PE ratio of 26.64, a P/E/G ratio of 1.59 and a beta of 1.29. The stock’s fifty day moving average is $199.14 and its 200-day moving average is $184.21. Dover Corporation has a one year low of $143.04 and a one year high of $222.31.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Dover had a return on equity of 17.87% and a net margin of 13.52%.The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $2.20 earnings per share. Dover’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 28th. Dover’s payout ratio is presently 26.20%.

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.