Dover Corporation (NYSE:DOV) saw unusually large options trading activity on Thursday. Investors purchased 5,440 put options on the stock. This represents an increase of 620% compared to the average daily volume of 756 put options.

Several analysts have weighed in on DOV shares. Zacks Investment Research raised shares of Dover from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research note on Tuesday, October 17th. BMO Capital Markets reissued a “buy” rating and issued a $94.00 price target on shares of Dover in a research note on Sunday, August 27th. Robert W. Baird set a $91.00 price target on shares of Dover and gave the stock a “buy” rating in a research note on Thursday, August 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $91.00 price target on shares of Dover in a research note on Wednesday, September 6th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $92.00 price target on shares of Dover in a research note on Tuesday, October 17th. Thirteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $94.69.

In other Dover news, VP Paul Goldberg sold 2,430 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $93.50, for a total value of $227,205.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael B. Stubbs sold 41,505 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the completion of the sale, the director now directly owns 275,344 shares of the company’s stock, valued at $26,342,160.48. The disclosure for this sale can be found here. Insiders sold 65,276 shares of company stock valued at $6,234,042 over the last quarter. 2.50% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of DOV. State of Alaska Department of Revenue raised its stake in shares of Dover by 8.1% during the second quarter. State of Alaska Department of Revenue now owns 3,189 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 240 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Dover by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the industrial products company’s stock worth $778,000 after buying an additional 100 shares in the last quarter. Strs Ohio raised its stake in Dover by 3.4% in the second quarter. Strs Ohio now owns 9,908 shares of the industrial products company’s stock worth $794,000 after buying an additional 322 shares in the last quarter. FineMark National Bank & Trust raised its stake in Dover by 0.7% in the second 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 in the last quarter. Finally, Reliance Trust Co. of Delaware raised its stake in Dover by 1.4% in the second quarter. Reliance Trust Co. of Delaware now owns 3,025 shares of the industrial products company’s stock worth $243,000 after buying an additional 42 shares in the last quarter. 84.60% of the stock is owned by hedge funds and other institutional investors.

Dover (NYSE:DOV) opened at $96.88 on Friday. The company has a market cap of $15,093.03, a PE ratio of 26.84, a PEG ratio of 1.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.32. Dover has a one year low of $73.61 and a one year high of $98.00.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, November 29th. Dover’s dividend payout ratio (DPR) is 43.72%.

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About Dover

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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