Dover Corp. (NYSE:DOV) announced a quarterly dividend on Monday, November 7th. Investors of record on Wednesday, November 30th will be paid a dividend of 0.44 per share on Thursday, December 15th. This represents a $1.76 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, November 28th.
Shares of Dover Corp. (NYSE:DOV) opened at 72.28 on Friday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 23.15 and a beta of 1.18. Dover Corp. has a 12 month low of $50.91 and a 12 month high of $74.90. The company has a 50-day moving average price of $68.84 and a 200-day moving average price of $70.00.
Dover Corp. (NYSE:DOV) last issued its earnings results on Wednesday, October 19th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Dover Corp. had a return on equity of 12.93% and a net margin of 7.29%. The business earned $1.71 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Analysts forecast that Dover Corp. will post $3.02 earnings per share for the current fiscal year.
In other news, VP Sandra A. Arkell sold 565 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $68.73, for a total value of $38,832.45. Following the transaction, the vice president now owns 2,216 shares in the company, valued at $152,305.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay L. Kloosterboer sold 11,501 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $70.25, for a total value of $807,945.25. Following the completion of the transaction, the insider now owns 64,615 shares in the company, valued at approximately $4,539,203.75. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its stake in shares of Dover Corp. by 169.3% in the third quarter. D.A. Davidson & CO. now owns 11,491 shares of the company’s stock worth $845,000 after buying an additional 7,224 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Dover Corp. by 0.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 309,389 shares of the company’s stock worth $22,783,000 after buying an additional 2,126 shares during the last quarter. LPL Financial LLC increased its stake in shares of Dover Corp. by 0.5% in the third quarter. LPL Financial LLC now owns 14,268 shares of the company’s stock worth $1,038,000 after buying an additional 75 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of Dover Corp. by 30.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 9,971 shares of the company’s stock worth $734,000 after buying an additional 2,345 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Dover Corp. during the third quarter worth approximately $5,037,000. Institutional investors own 84.15% of the company’s stock.
Several brokerages have recently weighed in on DOV. Bank of America Corp. reissued a “buy” rating and issued a $85.00 price target on shares of Dover Corp. in a research note on Thursday, October 6th. Zacks Investment Research raised Dover Corp. from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Wednesday, October 5th. Susquehanna began coverage on Dover Corp. in a research note on Friday, October 7th. They issued a “neutral” rating and a $77.00 price target for the company. Barclays PLC set a $68.00 price target on Dover Corp. and gave the company a “hold” rating in a research note on Tuesday, October 11th. Finally, Stifel Nicolaus increased their price target on Dover Corp. from $65.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, October 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Dover Corp. presently has an average rating of “Hold” and an average target price of $72.18.
Dover Corp. Company Profile