Dover Corp (DOV) Holdings Lowered by Oliver Luxxe Assets LLC
Oliver Luxxe Assets LLC trimmed its position in Dover Corp (NYSE:DOV) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,161 shares of the industrial products company’s stock after selling 1,308 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Dover were worth $1,632,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of Dover by 21.7% in the third quarter. Victory Capital Management Inc. now owns 25,466 shares of the industrial products company’s stock worth $2,327,000 after buying an additional 4,534 shares during the period. Magnetar Financial LLC acquired a new position in shares of Dover in the third quarter worth about $22,066,000. Janus Henderson Group PLC boosted its holdings in shares of Dover by 49.7% in the third quarter. Janus Henderson Group PLC now owns 40,198 shares of the industrial products company’s stock worth $3,673,000 after buying an additional 13,344 shares during the period. Third Point LLC acquired a new position in shares of Dover in the third quarter worth about $150,794,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Dover in the third quarter worth about $371,000. Institutional investors own 84.49% of the company’s stock.
In related news, Director Michael B. Stubbs sold 41,505 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the transaction, the director now owns 275,344 shares of the company’s stock, valued at $26,342,160.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael B. Stubbs sold 8,495 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $96.30, for a total transaction of $818,068.50. Following the transaction, the director now directly owns 275,344 shares in the company, valued at approximately $26,515,627.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,276 shares of company stock worth $6,234,042. Insiders own 2.50% of the company’s stock.
Shares of Dover Corp (DOV) traded up $0.63 on Tuesday, reaching $104.14. 472,800 shares of the company traded hands, compared to its average volume of 846,067. The company has a market capitalization of $16,224.09, a price-to-earnings ratio of 24.22, a PEG ratio of 1.78 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 Corp has a 52-week low of $75.51 and a 52-week high of $104.56.
Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.05. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. Dover had a net margin of 8.91% and a return on equity of 14.10%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. research analysts expect that Dover Corp will post 3.94 EPS for the current year.
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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