Hudson Edge Investment Partners Inc. Purchases 3,857 Shares of Dover Corporation $DOV

Hudson Edge Investment Partners Inc. grew its holdings in shares of Dover Corporation (NYSE:DOV) by 10.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,834 shares of the industrial products company’s stock after buying an additional 3,857 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Dover were worth $6,646,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DOV. Machina Capital S.A.S. grew its position in shares of Dover by 38.8% in the 2nd quarter. Machina Capital S.A.S. now owns 8,779 shares of the industrial products company’s stock worth $1,609,000 after buying an additional 2,452 shares during the last quarter. Nordea Investment Management AB grew its holdings in Dover by 9.3% in the second quarter. Nordea Investment Management AB now owns 124,031 shares of the industrial products company’s stock worth $22,701,000 after purchasing an additional 10,581 shares during the last quarter. Generali Asset Management SPA SGR increased its position in shares of Dover by 103.4% during the third quarter. Generali Asset Management SPA SGR now owns 16,020 shares of the industrial products company’s stock worth $2,673,000 after purchasing an additional 8,145 shares in the last quarter. Advisory Resource Group lifted its holdings in shares of Dover by 7.7% during the 2nd quarter. Advisory Resource Group now owns 28,732 shares of the industrial products company’s stock valued at $5,264,000 after purchasing an additional 2,047 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Dover by 1,644.9% in the 3rd quarter. SG Americas Securities LLC now owns 26,749 shares of the industrial products company’s stock worth $4,463,000 after purchasing an additional 25,216 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Insiders Place Their Bets

In other Dover news, CFO Christopher B. Woenker sold 1,627 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the sale, the chief financial officer directly owned 2,553 shares of the company’s stock, valued at approximately $474,960.12. This trade represents a 38.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ivonne M. Cabrera sold 2,630 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total transaction of $501,804.00. Following the completion of the sale, the senior vice president directly owned 72,968 shares of the company’s stock, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

Dover Price Performance

Shares of DOV opened at $208.61 on Thursday. The company has a market capitalization of $28.61 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.40 and a beta of 1.31. The business’s 50-day moving average is $194.65 and its two-hundred day moving average is $183.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

Dover (NYSE:DOV) last posted its earnings results on Thursday, October 23rd. The industrial products company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.50 by $0.12. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $2.27 earnings per share. Dover’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 28th. Dover’s payout ratio is 12.79%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BNP Paribas Exane began coverage on Dover in a research note on Thursday, December 4th. They issued a “neutral” rating and a $195.00 price target for the company. Robert W. Baird set a $235.00 price target on shares of Dover in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dover in a report on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of Dover from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, Citigroup restated a “buy” rating on shares of Dover in a research note on Monday, January 12th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $218.09.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.