SG Americas Securities LLC Has $9.51 Million Stock Holdings in Dover Corporation $DOV

SG Americas Securities LLC increased its position in shares of Dover Corporation (NYSE:DOV) by 82.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,698 shares of the industrial products company’s stock after purchasing an additional 21,949 shares during the quarter. SG Americas Securities LLC’s holdings in Dover were worth $9,508,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DOV. Brighton Jones LLC increased its holdings in shares of Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after buying an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Dover by 4.9% in the 1st 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 position in Dover by 11.8% during the 1st 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 stake in Dover during the 2nd quarter valued at $488,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in Dover during the 2nd quarter valued at $225,000. 84.46% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the sale, the senior vice president owned 72,188 shares in the company, valued at $16,836,407.24. The trade was a 5.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Tobin sold 76,997 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the sale, the chief executive officer directly owned 217,979 shares of the company’s stock, valued at approximately $50,723,713.30. This trade represents a 26.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 82,497 shares of company stock valued at $19,196,277. 1.20% of the stock is currently owned by insiders.

Dover Stock Up 0.1%

NYSE DOV opened at $206.78 on Monday. The stock has a market capitalization of $27.87 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $237.54. 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 stock has a fifty day moving average of $216.71 and a 200-day moving average of $194.98.

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

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Dover’s dividend payout ratio (DPR) is 26.20%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays set a $206.00 price objective on Dover in a research note on Monday, February 2nd. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $210.00 to $230.00 in a research note on Tuesday, March 17th. Royal Bank Of Canada upped their price target on shares of Dover from $199.00 to $209.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. BNP Paribas Exane started coverage on shares of Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 price target on the stock. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $224.00 price objective on shares of Dover in a research report on Saturday, January 31st. Nine investment 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.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.54.

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.