An overview of Dover Corporation’s (DOV) institutional holdings

In yesterday’s Wall Street session, Dover Corporation (NYSE:DOV) shares traded at $145.97, up 0.19% from the previous session.

22 analysts cover Dover Corporation (NYSE:DOV), according to research data. The consensus rating among analysts is ‘Overweight’. DOV stock price is now 1.41% away from the 50-day moving average and 2.74% away from the 200-day moving average. The market capitalization of the company currently stands at $20.43B.

The stock has received a hold rating from 10 analysts and a buy rating from 9.

With the price target of $171, Credit Suisse recently initiated with Outperform rating for Dover Corporation (NYSE: DOV).

In other news, Cerepak Brad M, Senior Vice President and CFO sold 17,769 shares of the company’s stock on Jun 06. The stock was sold for $2,470,424 at an average price of $139.03. Upon completion of the transaction, the Senior Vice President and CFO now directly owns 54,569 shares in the company, valued at $7.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, Senior Vice President and CFO Cerepak Brad M sold 34,972 shares of the business’s stock. A total of $5,009,644 was realized by selling the stock at an average price of $143.25. This leaves the insider owning 73,878 shares of the company worth $10.78 million. Insiders disposed of 170,040 shares of company stock worth roughly $24.82 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in DOV stock. A new stake in Dover Corporation shares was purchased by CEREDEX VALUE ADVISORS LLC during the first quarter worth $42,871,000. MARSHALL WACE, LLP invested $27,194,000 in shares of DOV during the first quarter. In the first quarter, INTERVAL PARTNERS, LP acquired a new stake in Dover Corporation valued at approximately $10,572,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in DOV for approximately $6,395,000. L & S ADVISORS INC purchased a new stake in DOV valued at around $3,271,000 in the second quarter. In total, there are 1,203 active investors with 94.70% ownership of the company’s stock.

On Monday morning Dover Corporation (NYSE: DOV) stock kicked off with the opening price of $146.14. During the past 12 months, Dover Corporation has had a low of $114.49 and a high of $160.66. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 1.40, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $23.52B, which is based on a 20.24 price-to-earnings ratio, a 2.10 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for DOV is $144.07 and a two-hundred day moving average price translates $142.21 for the stock.

The latest earnings results from Dover Corporation (NYSE: DOV) was released for Jun, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $2.05, missing analysts’ expectations of $2.2 by -0.15. This compares to $2.00 EPS in the same period last year. The net profit margin was 12.00% and return on equity was 23.50% for DOV. The company reported revenue of $2.1 billion for the quarter, compared to $2.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.72 percent. For the current quarter, analysts expect DOV to generate $2.23B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/31/2023 were paid a $0.505 dividend. On an annualized basis, this represents a $2.02 dividend and a 1.38% percent yield. There was an ex-dividend date of 05/30/2023 for this dividend. In terms of dividend payout ratio, DOV is presently at 27.90%.

Dover Corporation(DOV) 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 aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market. This segment also offers manual and power clamp, rotary and linear mechanical indexer, conveyor, pick and place unit, glove port, and manipulator, as well as end-of-arm robotic gripper, slide, and end effector. Its Clean Energy & Fueling segment offers component, equipment, and software and service solution enabling safe transport of traditional and clean fuel, and other hazardous substance along with supply chain, as well as operation of convenience retail, retail fueling, and vehicle wash establishment. The company’s Imaging & Identification segment provides precision marking and coding; packaging intelligence; product traceability equipment; brand protection; and digital textile printing equipment, as well as related consumable, software, and service to packaged and consumer good, pharmaceutical, industrial manufacturing, fashion and apparel, and other end-market. Its Pumps & Process Solutions segment manufactures specialty pump, connector, and flow meter, fluid connecting solution, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. The company’s Climate & Sustainability Technologies segment manufactures refrigeration system, refrigeration display case, commercial glass refrigerator and freezer door, and brazed plate heat exchanger for industrial heating and cooling, and residential climate control applications. It sells its products directly and through a network of distributors. The company was incorporated in 1947 and is headquartered in Downers Grove, Illinois.