Associated Banc Corp bought a new stake in Dover Corp (NYSE:DOV) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,003 shares of the industrial products company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sentry Investment Management LLC raised its stake in Dover by 1.1% in the second quarter. Sentry Investment Management LLC now owns 10,900 shares of the industrial products company’s stock valued at $874,000 after purchasing an additional 117 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in Dover by 5.3% in the third quarter. Commonwealth Equity Services Inc now owns 11,590 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 582 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Dover by 4.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,707 shares of the industrial products company’s stock valued at $1,384,000 after purchasing an additional 584 shares in the last quarter. Macquarie Group Ltd. raised its stake in Dover by 18.2% in the second quarter. Macquarie Group Ltd. now owns 3,900 shares of the industrial products company’s stock valued at $313,000 after purchasing an additional 600 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Dover by 13.7% in the third quarter. Private Advisor Group LLC now owns 5,578 shares of the industrial products company’s stock valued at $523,000 after purchasing an additional 672 shares in the last quarter. 84.24% of the stock is currently owned by institutional investors and hedge funds.

Dover Corp (NYSE:DOV) opened at $98.12 on Wednesday. The company has a market cap of $15,033.21, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28. Dover Corp has a one year low of $75.51 and a one year high of $109.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.40.

Dover (NYSE:DOV) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. Dover had a net margin of 10.37% and a return on equity of 15.24%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. sell-side analysts predict that Dover Corp will post 5.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, February 27th. Dover’s dividend payout ratio (DPR) is presently 36.50%.

In other news, VP William T. Bosway sold 6,087 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Following the transaction, the vice president now owns 21,877 shares in the company, valued at $2,070,876.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen Gary Kennon sold 2,359 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $94.40, for a total transaction of $222,689.60. Following the completion of the transaction, the senior vice president now owns 5,192 shares in the company, valued at approximately $490,124.80. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on DOV shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Dover in a research note on Friday, January 26th. Zacks Investment Research downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $100.00 target price on shares of Dover in a research note on Thursday, December 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $105.00 target price on shares of Dover in a research note on Wednesday, January 17th. Finally, UBS Group started coverage on shares of Dover in a research note on Monday, January 22nd. They issued a “neutral” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Dover currently has an average rating of “Hold” and a consensus target price of $104.42.

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Dover 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 (NYSE:DOV)

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