William Spurgeon Sells 13,102 Shares of Dover Corp (DOV) Stock

Dover Corp (NYSE:DOV) VP William Spurgeon sold 13,102 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $87.19, for a total value of $1,142,363.38. Following the completion of the sale, the vice president now directly owns 6,393 shares in the company, valued at $557,405.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE:DOV opened at $86.82 on Friday. The firm has a market cap of $12.70 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.96 and a current ratio of 1.37. Dover Corp has a 1 year low of $65.83 and a 1 year high of $90.26.

Dover (NYSE:DOV) last announced its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.14. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.76 billion. Dover had a return on equity of 24.90% and a net margin of 7.84%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 earnings per share. On average, research analysts predict that Dover Corp will post 5.75 earnings per share for the current fiscal year.



Several large investors have recently made changes to their positions in the company. Ffcm LLC lifted its holdings in Dover by 203.9% in the fourth quarter. Ffcm LLC now owns 1,705 shares of the industrial products company’s stock valued at $121,000 after acquiring an additional 1,144 shares during the period. GAM Holding AG bought a new position in Dover in the fourth quarter valued at about $663,000. BlackRock Inc. lifted its holdings in Dover by 17.4% in the fourth quarter. BlackRock Inc. now owns 11,821,885 shares of the industrial products company’s stock valued at $838,764,000 after acquiring an additional 1,754,640 shares during the period. Doyle Wealth Management bought a new position in Dover in the fourth quarter valued at about $99,000. Finally, F3Logic LLC bought a new position in Dover in the fourth quarter valued at about $1,851,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

DOV has been the topic of a number of recent research reports. Zacks Investment Research cut Dover from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Morgan Stanley cut Dover from an “overweight” rating to an “equal” rating and cut their target price for the stock from $94.00 to $89.00 in a research note on Tuesday, December 18th. Barclays increased their target price on Dover from $96.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, October 19th. SunTrust Banks increased their target price on Dover to $91.00 and gave the stock a “hold” rating in a research note on Friday, October 19th. Finally, BMO Capital Markets increased their target price on Dover from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Friday, October 19th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.18.

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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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Insider Buying and Selling by Quarter for Dover (NYSE:DOV)

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