Xact Kapitalforvaltning AB Has $3.33 Million Holdings in Dover Corp (DOV)

Xact Kapitalforvaltning AB cut its stake in shares of Dover Corp (NYSE:DOV) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,594 shares of the industrial products company’s stock after selling 1,304 shares during the period. Xact Kapitalforvaltning AB’s holdings in Dover were worth $3,328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fort L.P. purchased a new stake in Dover during the 2nd quarter valued at approximately $118,000. Centaurus Financial Inc. purchased a new stake in Dover during the 2nd quarter valued at approximately $127,000. Piedmont Investment Advisors LLC purchased a new stake in Dover during the 2nd quarter valued at approximately $133,000. Lourd Capital LLC purchased a new stake in Dover during the 3rd quarter valued at approximately $214,000. Finally, Leavell Investment Management Inc. purchased a new stake in Dover during the 3rd quarter valued at approximately $217,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Mary A. Winston sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 23rd. The stock was 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 is accessible through this link. Also, Director Kristiane C. Graham sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $82.75, for a total value of $4,137,500.00. Following the completion of the transaction, the director now directly owns 367,324 shares of the company’s stock, valued at $30,396,061. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.



DOV has been the subject of several analyst reports. Citigroup raised Dover from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Friday, September 7th. Bank of America upped their price objective on Dover from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Thursday, October 11th. Gordon Haskett started coverage on Dover in a research note on Friday, October 12th. They set a “buy” rating for the company. Finally, Seaport Global Securities reissued a “hold” rating and set a $80.00 target price on shares of Dover in a research note on Friday, July 20th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Dover presently has a consensus rating of “Hold” and an average price target of $89.77.

Shares of DOV stock opened at $81.60 on Tuesday. The company has a market cap of $12.01 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.41 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 quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 1.09.

Dover (NYSE:DOV) last issued its earnings results on Thursday, October 18th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.07. The business 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%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. On average, equities research analysts expect that Dover Corp will post 4.85 earnings per share for the current year.

Dover 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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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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