Jump Financial LLC Has $1.52 Million Stake in Dover Co. (NYSE:DOV)

Jump Financial LLC increased its holdings in shares of Dover Co. (NYSE:DOVFree Report) by 178.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,854 shares of the industrial products company’s stock after acquiring an additional 6,317 shares during the quarter. Jump Financial LLC’s holdings in Dover were worth $1,516,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in shares of Dover by 783.3% during the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock worth $33,000 after buying an additional 188 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Dover during the fourth quarter worth approximately $33,000. Life Planning Partners Inc acquired a new stake in Dover during the 4th quarter worth approximately $35,000. Orion Capital Management LLC bought a new stake in Dover in the 3rd quarter valued at $32,000. Finally, Headinvest LLC acquired a new stake in shares of Dover during the third quarter worth $32,000. Institutional investors own 84.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Brad M. Cerepak sold 6,000 shares of Dover stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the transaction, the chief financial officer now owns 17,909 shares in the company, valued at $3,164,699.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Stephen M. Todd sold 1,500 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the sale, the director now directly owns 22,955 shares in the company, valued at $3,929,666.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brad M. Cerepak sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the completion of the transaction, the chief financial officer now owns 17,909 shares in the company, valued at approximately $3,164,699.39. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Dover Stock Performance

Dover stock opened at $185.17 on Thursday. The business’s 50-day moving average price is $176.22 and its two-hundred day moving average price is $158.59. Dover Co. has a 12-month low of $127.25 and a 12-month high of $186.50. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. The stock has a market cap of $25.45 billion, a PE ratio of 17.79, a P/E/G ratio of 1.90 and a beta of 1.25.

Dover (NYSE:DOVGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Dover had a return on equity of 25.04% and a net margin of 17.28%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company earned $1.94 EPS. Dover’s revenue was up .7% compared to the same quarter last year. As a group, analysts expect that Dover Co. will post 9.1 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.04 annualized dividend and a yield of 1.10%. Dover’s dividend payout ratio is presently 19.60%.

Analyst Ratings Changes

A number of research firms recently commented on DOV. Seaport Res Ptn raised shares of Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Mizuho boosted their price target on Dover from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 26th. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada upped their target price on Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Finally, Citigroup raised their price target on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Dover presently has an average rating of “Moderate Buy” and an average price target of $185.75.

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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 vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.

See Also

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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