Crossmark Global Holdings Inc. Acquires 584 Shares of Dover Corp (DOV)

Crossmark Global Holdings Inc. raised its holdings in Dover Corp (NYSE:DOV) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,707 shares of the industrial products company’s stock after purchasing an additional 584 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Dover were worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Third Point LLC acquired a new position in shares of Dover in the 3rd quarter valued at approximately $150,794,000. JPMorgan Chase & Co. raised its position in shares of Dover by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company’s stock valued at $531,702,000 after buying an additional 848,098 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Dover in the 3rd quarter valued at approximately $22,066,000. Koch Industries Inc. acquired a new position in shares of Dover in the 2nd quarter valued at approximately $236,000. Finally, Bank of Montreal Can raised its position in shares of Dover by 188.6% in the 4th quarter. Bank of Montreal Can now owns 275,793 shares of the industrial products company’s stock valued at $27,852,000 after buying an additional 180,227 shares in the last quarter. 84.24% of the stock is owned by hedge funds and other institutional investors.

Dover Corp (NYSE:DOV) opened at $99.69 on Thursday. The stock has a market cap of $15,152.12, a P/E ratio of 19.36, a P/E/G ratio of 1.29 and a beta of 1.28. Dover Corp has a 12-month low of $75.51 and a 12-month high of $109.06. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

Dover (NYSE:DOV) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.09. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. Dover had a net margin of 10.37% and a return on equity of 15.24%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. analysts anticipate that Dover Corp will post 5.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, February 27th. Dover’s dividend payout ratio is 36.50%.

In other Dover news, VP William T. Bosway sold 6,087 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the transaction, the vice president now directly owns 21,877 shares in the company, valued at approximately $2,070,876.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Stephen Gary Kennon sold 2,359 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $94.40, for a total transaction of $222,689.60. Following the completion of the transaction, the senior vice president now owns 5,192 shares of the company’s stock, valued at $490,124.80. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Several brokerages have recently commented on DOV. SunTrust Banks boosted their target price on shares of Dover to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Seaport Global Securities restated a “hold” rating and issued a $110.00 target price on shares of Dover in a research report on Friday, February 2nd. BMO Capital Markets boosted their target price on shares of Dover from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Zacks Investment Research upgraded shares of Dover from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Friday, February 2nd. Finally, UBS Group began coverage on shares of Dover in a research report on Monday, January 22nd. They issued a “neutral” rating for the company. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $104.42.

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Dover Company Profile

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.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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