Manning & Napier Advisors LLC decreased its position in shares of Dover Corporation (NYSE:DOV) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,429 shares of the industrial products company’s stock after selling 3,455 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Dover Corporation were worth $3,146,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DOV. Citizens Financial Group Inc RI grew its position in shares of Dover Corporation by 0.3% during the 2nd quarter. Citizens Financial Group Inc RI now owns 4,555 shares of the industrial products company’s stock worth $365,000 after buying an additional 15 shares during the period. Contravisory Investment Management Inc. grew its position in shares of Dover Corporation by 0.7% during the 2nd quarter. Contravisory Investment Management Inc. now owns 3,323 shares of the industrial products company’s stock worth $267,000 after buying an additional 23 shares during the period. FineMark National Bank & Trust grew its position in shares of Dover Corporation by 0.7% during the 2nd quarter. FineMark National Bank & Trust now owns 3,292 shares of the industrial products company’s stock worth $264,000 after buying an additional 23 shares during the period. Flinton Capital Management LLC grew its position in shares of Dover Corporation by 0.4% during the 2nd quarter. Flinton Capital Management LLC now owns 6,608 shares of the industrial products company’s stock worth $530,000 after buying an additional 28 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Dover Corporation by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,565 shares of the industrial products company’s stock worth $928,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 85.66% of the company’s stock.

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Dover Corporation (NYSE DOV) traded up $0.42 during mid-day trading on Tuesday, reaching $94.64. The company’s stock had a trading volume of 986,300 shares, compared to its average volume of 1,236,622. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.70. The stock has a market cap of $14,678.64, a price-to-earnings ratio of 26.10, a PEG ratio of 1.84 and a beta of 1.28. Dover Corporation has a 1-year low of $68.10 and a 1-year high of $97.09.

Dover Corporation (NYSE:DOV) last posted its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.05. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. Dover Corporation had a return on equity of 14.10% and a net margin of 8.91%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. sell-side analysts expect that Dover Corporation will post 3.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, November 29th. Dover Corporation’s payout ratio is presently 43.72%.

In other news, VP Paul Goldberg sold 4,400 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $95.25, for a total transaction of $419,100.00. Following the completion of the transaction, the vice president now owns 4,070 shares of the company’s stock, valued at $387,667.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael B. Stubbs sold 41,505 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total value of $3,970,783.35. Following the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $26,342,160.48. The disclosure for this sale can be found here. Insiders have sold 59,189 shares of company stock valued at $5,657,846 in the last three months. 2.50% of the stock is owned by insiders.

Several analysts recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and issued a $95.00 price target on shares of Dover Corporation in a research report on Tuesday, September 12th. BMO Capital Markets reaffirmed a “buy” rating and set a $94.00 price objective on shares of Dover Corporation in a report on Sunday, August 27th. Zacks Investment Research raised shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Tuesday, October 17th. BidaskClub downgraded shares of Dover Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $92.00 price objective on shares of Dover Corporation in a report on Tuesday, October 17th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $94.69.

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.

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

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