Huntington National Bank Sells 581 Shares of Dover Corporation (DOV)

Huntington National Bank lowered its position in shares of Dover Corporation (NYSE:DOV) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,598 shares of the industrial products company’s stock after selling 581 shares during the period. Huntington National Bank’s holdings in Dover Corporation were worth $4,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Dover Corporation by 11.5% during the second quarter. JPMorgan Chase & Co. now owns 4,962,208 shares of the industrial products company’s stock worth $398,069,000 after purchasing an additional 511,469 shares during the period. Geneva Advisors LLC increased its stake in Dover Corporation by 25.3% during the 2nd quarter. Geneva Advisors LLC now owns 5,763 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 1,162 shares during the period. Nuance Investments LLC increased its stake in Dover Corporation by 9.5% during the 2nd quarter. Nuance Investments LLC now owns 38,146 shares of the industrial products company’s stock worth $3,060,000 after acquiring an additional 3,310 shares during the period. Principal Financial Group Inc. increased its stake in Dover Corporation by 10.9% during the 2nd quarter. Principal Financial Group Inc. now owns 261,022 shares of the industrial products company’s stock worth $20,939,000 after acquiring an additional 25,734 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in Dover Corporation by 1.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,474 shares of the industrial products company’s stock worth $1,482,000 after acquiring an additional 321 shares during the period. Institutional investors own 85.38% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2017/10/29/huntington-national-bank-sells-581-shares-of-dover-corporation-dov.html.

In related news, VP Paul Goldberg sold 4,400 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $95.25, for a total value of $419,100.00. Following the transaction, the vice president now owns 4,070 shares of the company’s stock, valued at $387,667.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael B. Stubbs sold 8,495 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.30, for a total value of $818,068.50. Following the completion of the transaction, the director now directly owns 275,344 shares in the company, valued at approximately $26,515,627.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,400 shares of company stock worth $7,383,952. Insiders own 2.50% of the company’s stock.

DOV has been the topic of a number of recent research reports. Robert W. Baird restated a “buy” rating and set a $95.00 price objective on shares of Dover Corporation in a research note on Tuesday, September 12th. BMO Capital Markets restated a “buy” rating and set a $94.00 price objective on shares of Dover Corporation in a research note on Sunday, August 27th. BidaskClub upgraded Dover Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $87.00 price objective on shares of Dover Corporation in a research note on Thursday, July 6th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $94.69.

Shares of Dover Corporation (NYSE:DOV) opened at 96.00 on Friday. The firm has a 50 day moving average price of $92.51 and a 200-day moving average price of $85.02. The firm has a market cap of $14.95 billion, a P/E ratio of 24.00 and a beta of 1.27. Dover Corporation has a one year low of $65.50 and a one year high of $97.09.

Dover Corporation (NYSE:DOV) last released its quarterly earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.05. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Dover Corporation had a net margin of 8.91% and a return on equity of 14.10%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Analysts forecast that Dover Corporation will post $4.31 earnings per share for the current year.

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.

Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corporation (NYSE:DOV).

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

What are top analysts saying about Dover Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dover Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit