Dover (NYSE:DOV) VP Sells $346,155.00 in Stock

Dover Corporation (NYSE:DOV) VP Girish Juneja sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the sale, the vice president directly owned 8,422 shares of the company’s stock, valued at approximately $1,943,544.94. This represents a 15.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Dover Stock Performance

NYSE DOV traded down $2.16 during trading hours on Thursday, reaching $230.92. The company’s stock had a trading volume of 2,026,122 shares, compared to its average volume of 1,410,214. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $203.70 and a 200 day simple moving average of $185.78. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $237.54. The stock has a market cap of $31.67 billion, a PE ratio of 29.08, a PEG ratio of 1.76 and a beta of 1.29.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 29th. The industrial products company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.48 by $0.03. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. Dover had a return on equity of 17.87% and a net margin of 13.52%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 earnings per share. Equities research analysts predict that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dover

Several large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of Dover by 174.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after acquiring an additional 1,830,722 shares in the last quarter. First Trust Advisors LP grew its position in Dover by 717.4% during the 2nd quarter. First Trust Advisors LP now owns 1,716,256 shares of the industrial products company’s stock worth $314,470,000 after purchasing an additional 1,506,288 shares in the last quarter. Norges Bank acquired a new stake in Dover during the 2nd quarter valued at $274,135,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Dover in the fourth quarter valued at $151,473,000. Finally, AQR Capital Management LLC boosted its position in shares of Dover by 912.9% in the second quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company’s stock worth $144,572,000 after buying an additional 711,471 shares during the period. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DOV shares. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley set a $210.00 target price on shares of Dover in a research report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $224.00 price target on shares of Dover in a report on Saturday, January 31st. UBS Group set a $256.00 price objective on Dover and gave the stock a “buy” rating in a research report on Sunday, January 4th. Finally, JPMorgan Chase & Co. raised their target price on Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $224.00.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.