Healthcare of Ontario Pension Plan Trust Fund Purchases 4,605 Shares of Dover Co. (NYSE:DOV)

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Dover Co. (NYSE:DOVGet Rating) by 77.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,584 shares of the industrial products company’s stock after purchasing an additional 4,605 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dover were worth $1,284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Dover by 10.9% during the first quarter. Van ECK Associates Corp now owns 15,030 shares of the industrial products company’s stock valued at $2,358,000 after purchasing an additional 1,474 shares during the period. Hallmark Capital Management Inc. bought a new stake in shares of Dover during the second quarter valued at approximately $33,000. Raymond James Trust N.A. increased its position in shares of Dover by 2.2% during the second quarter. Raymond James Trust N.A. now owns 5,772 shares of the industrial products company’s stock valued at $701,000 after purchasing an additional 127 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Dover by 1.6% during the first quarter. Treasurer of the State of North Carolina now owns 52,883 shares of the industrial products company’s stock valued at $8,297,000 after purchasing an additional 835 shares during the period. Finally, MAI Capital Management grew its position in Dover by 34.3% in the second quarter. MAI Capital Management now owns 4,700 shares of the industrial products company’s stock valued at $570,000 after acquiring an additional 1,200 shares during the period. 83.96% of the stock is currently owned by institutional investors.

Dover Price Performance

Shares of DOV stock opened at $142.76 on Friday. The stock’s fifty day moving average is $127.72 and its 200-day moving average is $128.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.68 and a current ratio of 1.17. The stock has a market capitalization of $20.04 billion, a PE ratio of 17.73, a PEG ratio of 1.20 and a beta of 1.35. Dover Co. has a 52 week low of $114.49 and a 52 week high of $184.04.

Dover (NYSE:DOVGet Rating) last issued its quarterly earnings results on Thursday, October 20th. The industrial products company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.06. Dover had a return on equity of 27.62% and a net margin of 13.93%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the firm posted $1.98 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts expect that Dover Co. will post 8.44 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, November 29th. Dover’s dividend payout ratio (DPR) is presently 25.09%.

Insider Activity

In other news, VP Anthony K. Kosinski sold 2,203 shares of the company’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $126.18, for a total transaction of $277,974.54. Following the transaction, the vice president now owns 5,353 shares of the company’s stock, valued at $675,441.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley lowered their price target on Dover from $139.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Monday, October 24th. JPMorgan Chase & Co. upped their price target on Dover from $137.00 to $140.00 in a research report on Friday, October 21st. Royal Bank of Canada lowered their price target on Dover from $131.00 to $128.00 and set a “sector perform” rating on the stock in a research report on Friday, October 21st. Mizuho lowered their price target on Dover from $155.00 to $143.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Dover from $132.00 to $137.00 and gave the company a “hold” rating in a research report on Thursday, October 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Dover currently has a consensus rating of “Hold” and an average target price of $147.09.

Dover Company Profile

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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.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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