D.A. Davidson & CO. lifted its holdings in shares of Dover Corporation (NYSE:DOV) by 0.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,190 shares of the industrial products company’s stock after buying an additional 48 shares during the period. D.A. Davidson & CO.’s holdings in Dover Corporation were worth $576,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Dover Corporation by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 16,178,861 shares of the industrial products company’s stock worth $1,299,971,000 after buying an additional 792,862 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Dover Corporation by 3.9% during the 2nd quarter. BlackRock Inc. now owns 10,314,301 shares of the industrial products company’s stock worth $827,412,000 after buying an additional 389,449 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Dover Corporation by 9.4% during the 1st quarter. Bank of America Corp DE now owns 6,446,209 shares of the industrial products company’s stock worth $517,953,000 after buying an additional 553,136 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Dover Corporation by 0.3% during the 2nd quarter. Pzena Investment Management LLC now owns 5,599,307 shares of the industrial products company’s stock worth $449,176,000 after buying an additional 17,738 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Dover Corporation by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,962,208 shares of the industrial products company’s stock worth $398,069,000 after buying an additional 511,469 shares in the last quarter. 86.01% of the stock is owned by institutional investors.

A number of brokerages have issued reports on DOV. J P Morgan Chase & Co raised Dover Corporation from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $105.00 in a report on Wednesday, September 20th. Morgan Stanley upped their target price on Dover Corporation from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Tuesday, September 19th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Dover Corporation in a report on Wednesday, September 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $95.00 target price on shares of Dover Corporation in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $91.00 target price on shares of Dover Corporation in a report on Wednesday, September 6th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Dover Corporation presently has an average rating of “Hold” and an average price target of $91.15.

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In other news, Director Michael B. Stubbs sold 25,000 shares of Dover Corporation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $87.04, for a total value of $2,176,000.00. Following the transaction, the director now owns 275,344 shares in the company, valued at $23,965,941.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by insiders.

Shares of Dover Corporation (NYSE:DOV) opened at 91.44 on Thursday. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 22.86 and a beta of 1.26. Dover Corporation has a 52-week low of $65.50 and a 52-week high of $92.74. The firm has a 50 day moving average price of $86.06 and a 200-day moving average price of $82.19.

Dover Corporation (NYSE:DOV) last released its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.94 billion. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. Equities research analysts anticipate that Dover Corporation will post $4.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.47 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.88 annualized dividend and a dividend yield of 2.06%. This is an increase from Dover Corporation’s previous quarterly dividend of $0.44. Dover Corporation’s payout ratio is currently 47.12%.

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.

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

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