Dover Corp (NYSE:DOV) Plans $0.49 Quarterly Dividend

Dover Corp (NYSE:DOV) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.49 per share by the industrial products company on Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.79%.

Shares of NYSE:DOV opened at $109.35 on Friday. Dover has a 1-year low of $65.83 and a 1-year high of $110.81. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.42 and a quick ratio of 0.97. The business has a fifty day moving average price of $100.68 and a 200-day moving average price of $96.88. The company has a market capitalization of $15.85 billion, a PE ratio of 22.00, a PEG ratio of 1.63 and a beta of 1.49.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.09. Dover had a return on equity of 29.62% and a net margin of 9.08%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $1.36 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts anticipate that Dover will post 5.85 earnings per share for the current fiscal year.

In other Dover news, Director Kristiane C. Graham sold 13,596 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $105.07, for a total value of $1,428,531.72. Following the transaction, the director now directly owns 356,704 shares of the company’s stock, valued at $37,478,889.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brad M. Cerepak sold 9,918 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $90.93, for a total value of $901,843.74. The disclosure for this sale can be found here. Insiders sold a total of 24,514 shares of company stock valued at $2,439,945 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Several equities research analysts recently commented on the company. Barclays lifted their price objective on Dover from $112.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Morgan Stanley lifted their price objective on Dover from $103.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on Dover from $82.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Citigroup lifted their price objective on Dover from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, ValuEngine upgraded Dover from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Dover has a consensus rating of “Hold” and a consensus price target of $101.84.

About Dover

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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Dividend History for Dover (NYSE:DOV)

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