Zions Bancorporation Has $227,000 Position in Dover Corporation (NYSE:DOV)

Zions Bancorporation reduced its stake in shares of Dover Corporation (NYSE:DOV) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,822 shares of the industrial products company’s stock after selling 19 shares during the period. Zions Bancorporation’s holdings in Dover Corporation were worth $227,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. First Bank & Trust increased its stake in shares of Dover Corporation by 15.5% in the first quarter. First Bank & Trust now owns 1,326 shares of the industrial products company’s stock valued at $106,000 after buying an additional 178 shares in the last quarter. Ledyard National Bank increased its stake in shares of Dover Corporation by 421.1% in the first quarter. Ledyard National Bank now owns 1,485 shares of the industrial products company’s stock valued at $119,000 after buying an additional 1,200 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Dover Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,978 shares of the industrial products company’s stock valued at $158,000 after buying an additional 172 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of Dover Corporation by 16.8% in the first quarter. First Mercantile Trust Co. now owns 2,114 shares of the industrial products company’s stock valued at $170,000 after buying an additional 304 shares in the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in shares of Dover Corporation during the first quarter valued at about $200,000. 84.67% of the stock is currently owned by institutional investors.

Shares of Dover Corporation (DOV) traded up 0.12% on Friday, reaching $83.96. 600,372 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $82.20 and its 200 day moving average price is $80.45. Dover Corporation has a 12 month low of $65.50 and a 12 month high of $85.31. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 20.99 and a beta of 1.27.

Dover Corporation (NYSE:DOV) last announced its earnings results on Thursday, July 20th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.03. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Dover Corporation will post $4.31 EPS for the current fiscal year.

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Several brokerages have recently issued reports on DOV. Citigroup Inc. raised their price target on Dover Corporation from $88.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. BidaskClub downgraded Dover Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus raised their price target on Dover Corporation from $88.00 to $91.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Zacks Investment Research raised Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $90.00 target price (up from $89.00) on shares of Dover Corporation in a research report on Thursday, July 6th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.73.

In related news, VP C. Anderson Fincher sold 15,638 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $79.85, for a total transaction of $1,248,694.30. Following the sale, the vice president now owns 32,842 shares in the company, valued at approximately $2,622,433.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael B. Stubbs sold 40,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $83.22, for a total transaction of $3,328,800.00. Following the sale, the director now owns 275,344 shares in the company, valued at approximately $22,914,127.68. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

About Dover Corporation

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

Institutional Ownership by Quarter for Dover Corporation (NYSE:DOV)

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