Dover Corp (DOV) Stake Increased by Oliver Luxxe Assets LLC

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Oliver Luxxe Assets LLC grew its stake in shares of Dover Corp (NYSE:DOV) by 207.3% in the first quarter, HoldingsChannel.com reports. The firm owned 24,710 shares of the industrial products company’s stock after acquiring an additional 16,670 shares during the period. Oliver Luxxe Assets LLC’s holdings in Dover were worth $2,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Menta Capital LLC purchased a new stake in shares of Dover during the first quarter valued at about $319,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Dover by 9.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,600 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 136 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Dover by 55.5% in the 1st quarter. Janus Henderson Group PLC now owns 67,890 shares of the industrial products company’s stock worth $6,368,000 after acquiring an additional 24,219 shares during the last quarter. First Republic Investment Management Inc. increased its stake in shares of Dover by 14.9% in the 1st quarter. First Republic Investment Management Inc. now owns 14,676 shares of the industrial products company’s stock worth $1,377,000 after acquiring an additional 1,907 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Dover in the 1st quarter worth $213,000. 86.28% of the stock is owned by hedge funds and other institutional investors.

DOV stock traded up $1.03 on Friday, reaching $98.91. 170,366 shares of the company’s stock were exchanged, compared to its average volume of 1,080,662. Dover Corp has a twelve month low of $65.83 and a twelve month high of $98.80. The firm has a market capitalization of $14.25 billion, a PE ratio of 19.90, a P/E/G ratio of 1.49 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.30 and a quick ratio of 0.87.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.12. Dover had a return on equity of 28.48% and a net margin of 7.69%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Dover’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts expect that Dover Corp will post 5.81 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on DOV. Wolfe Research raised Dover from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. SunTrust Banks boosted their price objective on Dover to $91.00 and gave the company a “hold” rating in a research note on Wednesday, January 30th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on Dover from $97.00 to $101.00 and gave the company an “equal weight” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded Dover from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Finally, Oppenheimer reiterated a “hold” rating on shares of Dover in a research note on Tuesday, January 29th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Dover presently has a consensus rating of “Hold” and an average target price of $94.10.

In other Dover news, VP Anthony K. Kosinski sold 4,241 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $90.53, for a total transaction of $383,937.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Carrie L. Anderson sold 9,038 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $91.95, for a total value of $831,044.10. Following the sale, the vice president now owns 4,192 shares in the company, valued at $385,454.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,200 shares of company stock worth $4,277,800. 1.70% of the stock is owned by company insiders.

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Dover Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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