Amalgamated Bank Has $5.23 Million Stock Holdings in Dover Co. (NYSE:DOV)

Amalgamated Bank increased its stake in shares of Dover Co. (NYSE:DOVFree Report) by 2.7% in the third quarter, Holdings Channel.com reports. The firm owned 37,451 shares of the industrial products company’s stock after buying an additional 1,000 shares during the quarter. Amalgamated Bank’s holdings in Dover were worth $5,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Dover by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 16,895,470 shares of the industrial products company’s stock valued at $2,650,899,000 after acquiring an additional 224,091 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Dover by 7.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,057,041 shares of the industrial products company’s stock valued at $2,223,172,000 after buying an additional 1,064,150 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Dover by 1.9% during the second quarter. Macquarie Group Ltd. now owns 3,314,537 shares of the industrial products company’s stock worth $402,119,000 after purchasing an additional 61,298 shares during the period. Geode Capital Management LLC lifted its holdings in Dover by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,952,412 shares of the industrial products company’s stock worth $434,781,000 after buying an additional 59,192 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Dover by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,177,064 shares of the industrial products company’s stock valued at $330,785,000 after buying an additional 274,713 shares during the last quarter. Institutional investors own 83.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Dover from $140.00 to $167.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Mizuho dropped their price objective on Dover from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Barclays raised their target price on Dover from $150.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Monday. Royal Bank of Canada increased their price target on Dover from $146.00 to $153.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. Finally, Citigroup lifted their price objective on shares of Dover from $167.00 to $173.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.18.

Read Our Latest Stock Analysis on Dover

Dover Stock Performance

Shares of Dover stock opened at $160.82 on Wednesday. The business’s fifty day simple moving average is $149.46 and its 200 day simple moving average is $143.23. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. Dover Co. has a 12 month low of $127.25 and a 12 month high of $161.19. The firm has a market capitalization of $22.50 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.26.

Dover (NYSE:DOVGet Free Report) last released its earnings results on Thursday, February 1st. The industrial products company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Dover had a return on equity of 25.95% and a net margin of 12.52%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.16 EPS. As a group, analysts anticipate that Dover Co. will post 9.08 EPS for the current year.

Insider Buying and Selling at Dover

In other news, CFO Brad M. Cerepak sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $142.00, for a total transaction of $1,988,000.00. Following the completion of the sale, the chief financial officer now owns 35,938 shares in the company, valued at approximately $5,103,196. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dover news, VP Anthony K. Kosinski sold 664 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $141.64, for a total transaction of $94,048.96. Following the sale, the vice president now directly owns 5,333 shares of the company’s stock, valued at $755,366.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brad M. Cerepak sold 14,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $142.00, for a total transaction of $1,988,000.00. Following the transaction, the chief financial officer now owns 35,938 shares of the company’s stock, valued at approximately $5,103,196. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

About Dover

(Free Report)

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's 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.

Further Reading

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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