Dover Corporation (NYSE:DOV) Stake Maintained by ELM Advisors LLC

ELM Advisors LLC continued to hold its stake in Dover Corporation (NYSE:DOV) during the second quarter, Holdings Channel reports. The institutional investor owned 3,585 shares of the industrial products company’s stock at the end of the second quarter. ELM Advisors LLC’s holdings in Dover Corporation were worth $288,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DOV. BerganKDV Wealth Management LLC raised its stake in shares of Dover Corporation by 3.8% in the second quarter. BerganKDV Wealth Management LLC now owns 8,749 shares of the industrial products company’s stock worth $702,000 after buying an additional 317 shares during the period. Denali Advisors LLC bought a new stake in shares of Dover Corporation during the second quarter worth about $8,054,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Dover Corporation by 511.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 25,225 shares of the industrial products company’s stock worth $2,024,000 after buying an additional 21,098 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Dover Corporation by 0.6% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,695 shares of the industrial products company’s stock worth $938,000 after buying an additional 75 shares during the period. Finally, National Pension Service raised its stake in shares of Dover Corporation by 9.7% in the second quarter. National Pension Service now owns 160,096 shares of the industrial products company’s stock worth $12,612,000 after buying an additional 14,126 shares during the period. 84.62% of the stock is owned by institutional investors.

Shares of Dover Corporation (DOV) traded up 0.18% during mid-day trading on Monday, reaching $84.47. The company had a trading volume of 881,084 shares. The company has a market capitalization of $13.15 billion, a PE ratio of 22.83 and a beta of 1.27. The stock’s 50-day moving average price is $81.54 and its 200 day moving average price is $79.42. Dover Corporation has a 1-year low of $65.50 and a 1-year high of $84.94.

Dover Corporation (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 20th. The industrial products company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.48. Dover Corporation had a return on equity of 12.93% and a net margin of 8.33%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts expect that Dover Corporation will post $4.22 EPS for the current year.

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A number of brokerages have issued reports on DOV. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dover Corporation in a report on Wednesday, June 7th. Seaport Global Securities reaffirmed a “buy” rating on shares of Dover Corporation in a report on Monday, June 5th. CIBC reaffirmed a “hold” rating on shares of Dover Corporation in a report on Wednesday, May 24th. Bank of America Corporation increased their price objective on shares of Dover Corporation from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, June 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $87.00 price objective on shares of Dover Corporation in a report on Thursday, July 6th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.82.

In other Dover Corporation news, VP William Spurgeon sold 7,864 shares of the company’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $81.25, for a total value of $638,950.00. Following the completion of the sale, the vice president now directly owns 39,155 shares in the company, valued at approximately $3,181,343.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP C. Anderson Fincher sold 15,638 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $79.85, for a total value of $1,248,694.30. Following the completion of the sale, the vice president now owns 32,842 shares of the company’s stock, valued at $2,622,433.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,502 shares of company stock valued at $5,216,444. 2.50% of the stock is owned by company insiders.

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.

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

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