Mcmillion Capital Management Inc. acquired a new position in Dover Co. (NYSE:DOV – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 230 shares of the industrial products company’s stock, valued at approximately $34,000.
Several other large investors have also recently added to or reduced their stakes in DOV. Glass Jacobson Investment Advisors llc bought a new stake in shares of Dover during the 2nd quarter worth about $32,000. Orion Capital Management LLC bought a new stake in Dover during the first quarter worth approximately $35,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Dover in the first quarter worth approximately $39,000. Mendota Financial Group LLC bought a new position in Dover during the 2nd quarter valued at $42,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Dover by 29,600.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 297 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 296 shares during the period. 83.97% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Dover
In other news, CFO Brad M. Cerepak sold 4,631 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $142.00, for a total value of $657,602.00. Following the sale, the chief financial officer now owns 49,938 shares in the company, valued at $7,091,196. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Dover Stock Down 1.8 %
DOV opened at $130.42 on Wednesday. Dover Co. has a twelve month low of $127.25 and a twelve month high of $160.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.58. The business has a 50 day moving average price of $138.93 and a 200 day moving average price of $141.83. The firm has a market cap of $18.24 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.35.
Dover (NYSE:DOV – Get Free Report) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.02. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.23 billion. Dover had a net margin of 12.09% and a return on equity of 26.23%. Dover’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.26 EPS. Research analysts forecast that Dover Co. will post 8.83 EPS for the current year.
Dover Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.51 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.56%. Dover’s payout ratio is presently 28.02%.
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.
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