Dover Corp (NYSE:DOV) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management reduced its stake in Dover Corp (NYSE:DOV) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,504 shares of the industrial products company’s stock after selling 390 shares during the period. Eads & Heald Wealth Management’s holdings in Dover were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dover by 8.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 163,963 shares of the industrial products company’s stock valued at $16,429,000 after acquiring an additional 12,742 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Dover by 3.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 41,039 shares of the industrial products company’s stock valued at $4,112,000 after acquiring an additional 1,206 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Dover by 92.1% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 232,606 shares of the industrial products company’s stock valued at $23,307,000 after acquiring an additional 111,515 shares in the last quarter. ARP Americas LP lifted its position in shares of Dover by 73.4% in the 2nd quarter. ARP Americas LP now owns 35,194 shares of the industrial products company’s stock valued at $3,526,000 after acquiring an additional 14,900 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Dover by 42.0% in the 2nd quarter. SG Americas Securities LLC now owns 19,172 shares of the industrial products company’s stock valued at $1,921,000 after acquiring an additional 5,671 shares in the last quarter. 84.98% of the stock is owned by institutional investors.

In other news, VP William Spurgeon sold 20,049 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $98.42, for a total transaction of $1,973,222.58. Following the transaction, the vice president now owns 5,296 shares in the company, valued at approximately $521,232.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jay L. Kloosterboer sold 15,416 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $98.00, for a total transaction of $1,510,768.00. Following the transaction, the insider now owns 24,425 shares in the company, valued at approximately $2,393,650. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on the stock. Deutsche Bank set a $102.00 price target on shares of Dover and gave the company a “hold” rating in a research report on Monday, April 22nd. Barclays upped their price target on shares of Dover from $111.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Citigroup set a $114.00 price target on shares of Dover and gave the company a “buy” rating in a research report on Friday, July 19th. ValuEngine downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird downgraded shares of Dover from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $98.76.

Dover stock opened at $92.19 on Friday. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.35 and a beta of 1.48. The company has a current ratio of 1.34, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $97.96. Dover Corp has a twelve month low of $65.83 and a twelve month high of $103.47.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 18th. The industrial products company reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.01. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Dover had a net margin of 8.50% and a return on equity of 29.22%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 EPS. Research analysts expect that Dover Corp will post 5.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, August 29th. This is a positive change from Dover’s previous quarterly dividend of $0.48. Dover’s dividend payout ratio is currently 38.63%.

Dover Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through 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 and 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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