Citizens Financial Group Inc RI grew its holdings in shares of Dover Corporation (NYSE:DOV) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,555 shares of the industrial products company’s stock after purchasing an additional 15 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Dover Corporation were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DOV. Strs Ohio raised its holdings in shares of Dover Corporation by 1.5% during the 1st quarter. Strs Ohio now owns 9,586 shares of the industrial products company’s stock valued at $770,000 after purchasing an additional 146 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Dover Corporation by 97.3% during the 1st quarter. Russell Investments Group Ltd. now owns 142,320 shares of the industrial products company’s stock valued at $11,438,000 after purchasing an additional 70,174 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Dover Corporation by 6.6% during the 1st quarter. American Century Companies Inc. now owns 160,938 shares of the industrial products company’s stock valued at $12,931,000 after purchasing an additional 9,981 shares in the last quarter. Henderson Group PLC raised its holdings in shares of Dover Corporation by 3.5% during the 1st quarter. Henderson Group PLC now owns 20,603 shares of the industrial products company’s stock valued at $1,656,000 after purchasing an additional 700 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Dover Corporation by 6.7% during the 1st quarter. Pictet Asset Management Ltd. now owns 95,865 shares of the industrial products company’s stock valued at $7,703,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

A number of research firms have recently weighed in on DOV. BidaskClub upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada restated an “outperform” rating and set a $90.00 price target (up previously from $89.00) on shares of Dover Corporation in a report on Thursday, July 6th. CIBC reiterated a “hold” rating on shares of Dover Corporation in a report on Wednesday, May 24th. Robert W. Baird reiterated a “buy” rating and issued a $95.00 target price on shares of Dover Corporation in a report on Tuesday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $87.00 target price on shares of Dover Corporation in a report on Thursday, July 6th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Dover Corporation has an average rating of “Hold” and a consensus price target of $89.42.

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Dover Corporation (NYSE:DOV) traded up 0.35% on Wednesday, hitting $88.35. 151,943 shares of the stock traded hands. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 22.09 and a beta of 1.26. The firm’s 50 day moving average is $85.09 and its 200 day moving average is $81.80. Dover Corporation has a 52 week low of $65.50 and a 52 week high of $88.48.

Dover Corporation (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. Equities analysts anticipate that Dover Corporation will post $4.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.14%. This is a positive change from Dover Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, August 29th. Dover Corporation’s dividend payout ratio (DPR) is currently 47.12%.

In related news, Director Michael B. Stubbs sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at $23,965,941.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Dover Corporation Profile

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

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

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