[ad_1]
Assenagon Asset Management S.A. reduced its stake in Dover Co. (NYSE:DOV – Get Rating) by 68.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,946 shares of the industrial products company’s stock after selling 89,995 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Dover were worth $6,424,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of DOV. CVA Family Office LLC acquired a new stake in Dover in the 4th quarter valued at $35,000. Allworth Financial LP increased its stake in Dover by 45.2% in the 4th quarter. Allworth Financial LP now owns 196 shares of the industrial products company’s stock valued at $36,000 after buying an additional 61 shares during the last quarter. Life Planning Partners Inc acquired a new stake in Dover in the 4th quarter valued at $41,000. Covestor Ltd acquired a new stake in Dover in the 4th quarter valued at $64,000. Finally, Quent Capital LLC acquired a new stake in Dover in the 4th quarter valued at $67,000. Hedge funds and other institutional investors own 84.14% of the company’s stock.
In other Dover news, SVP David J. Malinas acquired 350 shares of the business’s stock in a transaction on Monday, April 25th. The stock was purchased at an average price of $139.44 per share, with a total value of $48,804.00. Following the acquisition, the senior vice president now directly owns 2,744 shares of the company’s stock, valued at approximately $382,623.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.
Shares of DOV opened at $121.78 on Friday. Dover Co. has a 52 week low of $117.17 and a 52 week high of $184.04. The firm has a market cap of $17.56 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.02 and a beta of 1.40. The firm’s 50-day simple moving average is $128.28 and its 200 day simple moving average is $149.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.44.
Dover (NYSE:DOV – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a net margin of 13.81% and a return on equity of 27.82%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.81 EPS. As a group, equities analysts forecast that Dover Co. will post 8.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 27th. Dover’s dividend payout ratio is currently 26.04%.
Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of Dover from $161.00 to $149.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 31st. Barclays lowered their price objective on shares of Dover from $140.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Friday. Wells Fargo & Company lowered their price objective on shares of Dover from $159.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 29th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Robert W. Baird lowered their price objective on shares of Dover from $194.00 to $169.00 in a research note on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $168.67.
About Dover (Get Rating)
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.
Featured Stories
Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Co. (NYSE:DOV – Get Rating).
Receive News & Ratings for Dover Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dover and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link
