Victory Capital Management Inc. Has $2.33 Million Stake in Dover Corporation (DOV)

Victory Capital Management Inc. lifted its stake in Dover Corporation (NYSE:DOV) by 21.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,466 shares of the industrial products company’s stock after purchasing an additional 4,534 shares during the period. Victory Capital Management Inc.’s holdings in Dover Corporation were worth $2,327,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Citizens Financial Group Inc RI increased its stake in shares of Dover Corporation by 0.3% in the 2nd quarter. Citizens Financial Group Inc RI now owns 4,555 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 15 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Dover Corporation by 0.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 3,323 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 23 shares in the last quarter. FineMark National Bank & Trust increased its stake in shares of Dover Corporation by 0.7% in the 2nd quarter. FineMark National Bank & Trust now owns 3,292 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 23 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Dover Corporation by 0.4% in the 2nd quarter. Flinton Capital Management LLC now owns 6,608 shares of the industrial products company’s stock worth $530,000 after purchasing an additional 28 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Dover Corporation by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,565 shares of the industrial products company’s stock worth $928,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 85.01% of the company’s stock.

In related news, VP Paul Goldberg sold 2,430 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $93.50, for a total value of $227,205.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael B. Stubbs sold 41,505 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the completion of the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $26,342,160.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,830 shares of company stock valued at $5,435,157. 2.50% of the stock is owned by insiders.

DOV has been the subject of several analyst reports. BidaskClub lowered Dover Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Dover Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird set a $91.00 target price on shares of Dover Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. BMO Capital Markets reaffirmed a “buy” rating and issued a $94.00 target price on shares of Dover Corporation in a report on Sunday, August 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $91.00 target price on shares of Dover Corporation in a report on Wednesday, September 6th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $94.69.

Dover Corporation (NYSE:DOV) opened at $94.22 on Friday. Dover Corporation has a 1-year low of $68.10 and a 1-year high of $97.09. The company has a market cap of $14,678.63, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.84 and a beta of 1.28. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70.

Dover Corporation (NYSE:DOV) last released its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.11 by $0.05. Dover Corporation had a net margin of 8.91% and a return on equity of 14.10%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue was up 17.5% on a year-over-year basis. equities research analysts forecast that Dover Corporation will post 3.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 29th. Dover Corporation’s payout ratio is 43.72%.

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Dover Corporation 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.

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

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