Seeyond Has $376,000 Position in Dover Corp (NYSE:DOV)
Seeyond lowered its position in shares of Dover Corp (NYSE:DOV) by 18.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,757 shares of the industrial products company’s stock after selling 823 shares during the quarter. Seeyond’s holdings in Dover were worth $376,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of DOV. Dixon Hubard Feinour & Brown Inc. VA bought a new position in Dover in the first quarter valued at approximately $234,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Dover by 44.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,936 shares of the industrial products company’s stock valued at $194,000 after buying an additional 600 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in Dover in the first quarter valued at approximately $206,000. Highstreet Asset Management Inc. bought a new position in Dover in the second quarter valued at approximately $462,000. Finally, Holderness Investments Co. bought a new position in Dover in the first quarter valued at approximately $224,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.
Shares of DOV stock remained flat at $$99.67 during trading on Friday. 785,403 shares of the stock were exchanged, compared to its average volume of 795,846. The firm’s 50 day moving average is $93.05 and its two-hundred day moving average is $94.83. The company has a current ratio of 1.34, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $14.50 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. Dover Corp has a twelve month low of $65.83 and a twelve month high of $103.47.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.49 per share. This is a positive change from Dover’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, August 29th. Dover’s dividend payout ratio is 39.44%.
In other Dover news, VP William Spurgeon sold 20,049 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $98.42, for a total transaction of $1,973,222.58. Following the sale, the vice president now directly owns 5,296 shares of the company’s stock, valued at $521,232.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay L. Kloosterboer sold 15,416 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $98.00, for a total transaction of $1,510,768.00. Following the sale, the insider now directly owns 24,425 shares in the company, valued at $2,393,650. The disclosure for this sale can be found here. Insiders have sold 45,383 shares of company stock worth $4,385,834 over the last ninety days. Insiders own 1.70% of the company’s stock.
A number of research analysts have weighed in on DOV shares. Barclays lifted their price target on shares of Dover from $111.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Citigroup lifted their price target on shares of Dover from $113.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Robert W. Baird lifted their price target on shares of Dover from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on shares of Dover to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, ValuEngine lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $100.21.
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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