Dover Corporation $DOV Shares Sold by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC lowered its position in Dover Corporation (NYSE:DOV) by 18.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,608 shares of the industrial products company’s stock after selling 12,240 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Dover were worth $10,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DOV. Brighton Jones LLC grew its holdings in shares of Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares during the period. Townsquare Capital LLC grew its stake in Dover by 60.2% during the first quarter. Townsquare Capital LLC now owns 4,121 shares of the industrial products company’s stock worth $724,000 after buying an additional 1,549 shares during the period. Virtu Financial LLC acquired a new stake in shares of Dover in the first quarter worth $305,000. Russell Investments Group Ltd. raised its stake in shares of Dover by 8.7% in the 1st quarter. Russell Investments Group Ltd. now owns 117,057 shares of the industrial products company’s stock valued at $20,557,000 after acquiring an additional 9,365 shares during the period. Finally, National Pension Service boosted its position in Dover by 12.3% during the 1st quarter. National Pension Service now owns 233,672 shares of the industrial products company’s stock worth $41,051,000 after purchasing an additional 25,662 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Performance

DOV opened at $199.18 on Friday. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The stock has a market cap of $27.32 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The business’s 50 day moving average is $179.34 and its 200-day moving average is $179.08. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last posted its earnings results on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm had revenue of $1.78 billion for the quarter. On average, analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 12.79%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays raised their price objective on Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. BNP Paribas began coverage on Dover in a report on Thursday, December 4th. They issued a “neutral” rating and a $195.00 price target for the company. UBS Group set a $200.00 price target on Dover in a research note on Friday, October 24th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Oppenheimer lifted their price objective on shares of Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus target price of $209.73.

Insider Transactions at Dover

In related news, CFO Christopher B. Woenker sold 1,627 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $186.04, for a total transaction of $302,687.08. Following the sale, the chief financial officer owned 2,553 shares of the company’s stock, valued at $474,960.12. The trade was a 38.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ivonne M. Cabrera sold 2,630 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the transaction, the senior vice president directly owned 72,968 shares of the company’s stock, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.30% of the stock is currently owned by insiders.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.