Dover Corp (DOV) Director Mary A. Winston Sells 2,000 Shares

Dover Corp (NYSE:DOV) Director Mary A. Winston sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $82.29, for a total transaction of $164,580.00. Following the completion of the transaction, the director now directly owns 13,055 shares of the company’s stock, valued at approximately $1,074,295.95. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dover stock opened at $81.72 on Friday. The firm has a market cap of $12.11 billion, a PE ratio of 20.28, a PEG ratio of 1.42 and a beta of 1.34. Dover Corp has a 12-month low of $70.12 and a 12-month high of $90.26. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.30 and a quick ratio of 0.88.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, October 18th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.07. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Dover had a return on equity of 21.22% and a net margin of 9.69%. Dover’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. As a group, sell-side analysts forecast that Dover Corp will post 4.85 earnings per share for the current year.



Several brokerages have commented on DOV. Oppenheimer reissued a “hold” rating on shares of Dover in a research report on Monday. SunTrust Banks lifted their target price on Dover to $91.00 and gave the company a “hold” rating in a report on Friday, October 19th. BMO Capital Markets lifted their target price on Dover from $90.00 to $91.00 and gave the company a “market perform” rating in a report on Friday, October 19th. Barclays lifted their target price on Dover from $96.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, October 19th. Finally, Zacks Investment Research lowered Dover from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $89.77.

A number of hedge funds and other institutional investors have recently made changes to their positions in DOV. Baird Financial Group Inc. lifted its stake in Dover by 10.0% during the second quarter. Baird Financial Group Inc. now owns 6,905 shares of the industrial products company’s stock worth $505,000 after purchasing an additional 629 shares during the last quarter. United Capital Financial Advisers LLC lifted its position in shares of Dover by 23.0% during the 1st quarter. United Capital Financial Advisers LLC now owns 3,532 shares of the industrial products company’s stock worth $347,000 after buying an additional 660 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Dover by 1.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 67,485 shares of the industrial products company’s stock worth $4,940,000 after buying an additional 685 shares during the last quarter. BB&T Securities LLC lifted its position in shares of Dover by 7.3% during the 2nd quarter. BB&T Securities LLC now owns 10,094 shares of the industrial products company’s stock worth $738,000 after buying an additional 689 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of Dover by 5.4% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,495 shares of the industrial products company’s stock worth $1,195,000 after buying an additional 693 shares during the last quarter. 90.84% of the stock is owned by 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 three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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