People s United Financial Inc. Buys 1,187 Shares of Dover Co. (NYSE:DOV)

People s United Financial Inc. grew its holdings in shares of Dover Co. (NYSE:DOVGet Rating) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,850 shares of the industrial products company’s stock after buying an additional 1,187 shares during the period. People s United Financial Inc.’s holdings in Dover were worth $15,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Dover by 32.3% during the first quarter. FMR LLC now owns 167,288 shares of the industrial products company’s stock valued at $15,692,000 after purchasing an additional 40,841 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Dover by 181.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 71,624 shares of the industrial products company’s stock valued at $11,138,000 after buying an additional 46,197 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Dover by 18.7% during the 3rd quarter. Goldman Sachs Group Inc. now owns 417,207 shares of the industrial products company’s stock valued at $64,876,000 after buying an additional 65,706 shares in the last quarter. American Century Companies Inc. grew its holdings in Dover by 24.2% during the 3rd quarter. American Century Companies Inc. now owns 3,374 shares of the industrial products company’s stock valued at $525,000 after buying an additional 657 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of Dover by 7.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 24,306 shares of the industrial products company’s stock valued at $3,780,000 after purchasing an additional 1,740 shares during the last quarter. 84.14% of the stock is currently owned by hedge funds and other institutional investors.

DOV stock traded up $0.16 during midday trading on Monday, hitting $130.94. The stock had a trading volume of 8,665 shares, compared to its average volume of 913,089. The firm has a market cap of $18.88 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.44 and a quick ratio of 0.85. Dover Co. has a 12-month low of $127.04 and a 12-month high of $184.04. The company’s 50-day moving average price is $146.17 and its 200 day moving average price is $160.99.

Dover (NYSE:DOVGet Rating) last released its earnings results on Thursday, April 21st. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. Dover had a net margin of 13.81% and a return on equity of 27.82%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company earned $1.81 EPS. Dover’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Dover Co. will post 8.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 27th. This represents a $2.00 annualized dividend and a dividend yield of 1.53%. Dover’s dividend payout ratio is presently 26.04%.

In related news, SVP David J. Malinas acquired 350 shares of the stock in a transaction dated Monday, April 25th. The stock was bought at an average cost of $139.44 per share, with a total value of $48,804.00. Following the purchase, the senior vice president now directly owns 2,744 shares of the company’s stock, valued at $382,623.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Anthony K. Kosinski sold 3,287 shares of the company’s stock in a transaction on Monday, March 14th. The stock was sold at an average price of $153.43, for a total transaction of $504,324.41. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

DOV has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on Dover from $177.00 to $161.00 and set an “equal weight” rating for the company in a research note on Friday, April 22nd. Robert W. Baird dropped their target price on Dover from $194.00 to $169.00 in a research note on Thursday, April 21st. Deutsche Bank Aktiengesellschaft dropped their target price on Dover from $187.00 to $182.00 and set a “hold” rating on the stock in a research note on Thursday, April 14th. Royal Bank of Canada lowered their price target on Dover from $170.00 to $162.00 and set a “sector perform” rating for the company in a research report on Friday, April 22nd. Finally, Barclays decreased their price objective on Dover from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $175.08.

About Dover (Get Rating)

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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