Dover Corp. (NYSE:DOV) declared a quarterly dividend on Monday, November 7th. Stockholders of record on Wednesday, November 30th will be given a dividend of 0.44 per share on Thursday, December 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, November 28th.

Dover Corp. (NYSE:DOV) opened at 71.59 on Wednesday. The stock’s 50 day moving average is $69.02 and its 200 day moving average is $69.92. Dover Corp. has a 1-year low of $50.91 and a 1-year high of $74.90. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 22.93 and a beta of 1.18.

Dover Corp. (NYSE:DOV) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Dover Corp. had a net margin of 7.29% and a return on equity of 12.93%. The company earned $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company posted $1.14 earnings per share. Dover Corp.’s revenue for the quarter was down 4.5% compared to the same quarter last year. Analysts predict that Dover Corp. will post $3.02 EPS for the current fiscal year.

Dividend History for Dover Corp. (NYSE:DOV)

A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Dover Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. Citigroup Inc. reduced their price target on shares of Dover Corp. from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, October 11th. Barclays PLC set a $68.00 price target on shares of Dover Corp. and gave the stock a “hold” rating in a report on Tuesday, October 11th. Bank of America Corp. restated a “buy” rating and issued a $85.00 price target on shares of Dover Corp. in a report on Thursday, October 6th. Finally, Stifel Nicolaus raised their price target on shares of Dover Corp. from $65.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Dover Corp. currently has an average rating of “Hold” and a consensus target price of $72.18.

In related news, insider Jay L. Kloosterboer sold 11,501 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $70.25, for a total transaction of $807,945.25. Following the completion of the transaction, the insider now owns 64,615 shares of the company’s stock, valued at $4,539,203.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Sandra A. Arkell sold 565 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $68.73, for a total transaction of $38,832.45. Following the transaction, the vice president now directly owns 2,216 shares of the company’s stock, valued at approximately $152,305.68. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of DOV. BlackRock Inc. boosted its position in shares of Dover Corp. by 0.7% in the second quarter. BlackRock Inc. now owns 599,135 shares of the company’s stock valued at $41,532,000 after buying an additional 4,013 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Dover Corp. by 1.2% in the second quarter. BlackRock Fund Advisors now owns 2,460,830 shares of the company’s stock valued at $170,585,000 after buying an additional 30,342 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Dover Corp. by 1.6% in the second quarter. BlackRock Group LTD now owns 1,254,377 shares of the company’s stock valued at $86,955,000 after buying an additional 20,232 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Dover Corp. by 4.1% in the second quarter. Segall Bryant & Hamill LLC now owns 26,488 shares of the company’s stock valued at $1,836,000 after buying an additional 1,032 shares in the last quarter. Finally, BlackRock Japan Co. Ltd boosted its position in shares of Dover Corp. by 1.7% in the second quarter. BlackRock Japan Co. Ltd now owns 191,810 shares of the company’s stock valued at $13,296,000 after buying an additional 3,209 shares in the last quarter. 84.15% of the stock is owned by institutional investors.

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About Dover Corp.

Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for production and processing of fuels across the world.

5 Day Chart for NYSE:DOV

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