MML Investors Services LLC Has $262,000 Holdings in Dover Corporation (DOV)
MML Investors Services LLC grew its position in Dover Corporation (NYSE:DOV) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,262 shares of the industrial products company’s stock after purchasing an additional 49 shares during the quarter. MML Investors Services LLC’s holdings in Dover Corporation were worth $262,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in shares of Dover Corporation by 15.1% during the second quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 227 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Dover Corporation by 5,446.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $143,000 after buying an additional 1,743 shares during the last quarter. Penserra Capital Management LLC grew its stake in Dover Corporation by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,236 shares of the industrial products company’s stock worth $179,000 after buying an additional 258 shares during the last quarter. First Mercantile Trust Co. grew its stake in Dover Corporation by 10.1% during the 2nd quarter. First Mercantile Trust Co. now owns 2,327 shares of the industrial products company’s stock worth $187,000 after buying an additional 213 shares during the last quarter. Finally, Harfst & Associates Inc. purchased a new position in Dover Corporation during the 1st quarter worth $200,000. 86.01% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on DOV shares. Morgan Stanley upped their price objective on shares of Dover Corporation from $97.00 to $106.00 and gave the company an “overweight” rating in a report on Monday. J P Morgan Chase & Co raised Dover Corporation from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $105.00 in a research report on Wednesday, September 20th. Seaport Global Securities reiterated a “neutral” rating on shares of Dover Corporation in a research note on Wednesday, September 13th. Robert W. Baird reiterated a “buy” rating and set a $95.00 price target on shares of Dover Corporation in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $91.00 price objective on shares of Dover Corporation in a report on Wednesday, September 6th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.85.
Shares of Dover Corporation (NYSE DOV) opened at 92.49 on Tuesday. The firm has a market capitalization of $14.40 billion, a PE ratio of 23.12 and a beta of 1.27. The stock’s 50 day moving average price is $87.64 and its 200-day moving average price is $83.09. Dover Corporation has a 52-week low of $65.50 and a 52-week high of $92.74.
Dover Corporation (NYSE:DOV) last issued its earnings results 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. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts anticipate that Dover Corporation will post $4.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a dividend of $0.47 per share. This is a boost from Dover Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.88 annualized dividend and a yield of 2.03%. Dover Corporation’s payout ratio is presently 47.12%.
In other news, Director Michael B. Stubbs sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $23,965,941.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.50% of the company’s stock.
Dover Corporation Company 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.
Receive News & Stock Ratings for Dover Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corporation and related stocks with our FREE daily email newsletter.