SG Americas Securities Llc owns $6.85 million in Dover Co. (NYSE: DOV)

SG Americas Securities LLC raised its position in shares of Dover Co. (NYSE:DOV – Free Report) by 90.0% in the second quarter, Holdings Channel.com reports. The firm owned 37,953 shares of the industrial products company’s stock after purchasing an additional 17,981 shares during the period. SG Americas Securities LLC’s holdings in Dover were worth $6,849,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Dover by 153.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock worth $466,622,000 after buying an additional 1,595,611 shares in the last quarter. Norges Bank purchased a new stake in Dover in the 4th quarter valued at $175,275,000. Franklin Resources Inc. raised its stake in Dover by 15.4% during the fourth quarter. Franklin Resources Inc. now owns 3,689,136 shares of the industrial products company’s stock valued at $567,426,000 after purchasing an additional 492,577 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Dover by 50.7% during the 4th quarter. Wellington Management Group LLP now owns 1,231,606 shares of the industrial products company’s stock worth $189,433,000 after purchasing an additional 414,481 shares in the last quarter. Finally, Interval Partners LP bought a new stake in shares of Dover during the first quarter worth $49,195,000. 84.46% of shares are currently owned by institutional investors.

Dover stock performance

Shares of DOV traded down $0.33 during trading hours on Friday, hitting $176.23. The company’s stock had a trading volume of 635,695 shares, compared to its average volume of 1,009,418. The company has a 50 day simple moving average of $180.29 and a two hundred day simple moving average of $174.84. Dover Co. it has a 52-week low of $127.25 and a 52-week high of $192.31. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.53, and a quick ratio of 0.95. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.13 and a beta of 1.22.

Dover (NYSE:DOV – Get Free Report ) last posted its earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.15. Dover had a net margin of 17.58% and a return on equity of 24.94%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.15 billion. In the same quarter last year, the firm posted EPS of $2.05. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Dover Co. to post 9.15 earnings per share for the current fiscal year.

Dover increases dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30. This represents an annualized dividend of $2.06 and a yield of 1.17%. This is an increase from Dover’s previous quarterly dividend of $0.51. Dover’s dividend payout ratio (DPR) is currently 19.79%.

Analysts on Wall Street are forecasting an increase

Several research firms recently weighed in on DOV. Barclays boosted their target price on shares of Dover from $180.00 to $186.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Wells Fargo & Company upped their target price on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Oppenheimer raised their target price on Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Robert W. Baird restated an “outperform” rating and issued a $208.00 price objective on shares of Dover in a research note on Monday, July 22nd. Finally, StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.63, based on data from MarketBeat.

Check out our latest analysis on DOV

Buying and selling inside Dover

In related news, CFO Brad M. Cerepak sold 4,341 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $184.59, for a total transaction of $801,305.19. Following the sale, the chief financial officer now owns 12,324 shares of the company’s stock, valued at approximately $2,274,887.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Insiders own 1.30% of the company’s shares.

About Dover

(Free report)

Dover Corporation provides equipment and components, supplies, aftermarket parts, software and digital solutions and support services worldwide. The company’s Engineering Products segment offers various equipment, components, software, solutions and services that are used in the vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist and fluid distribution end markets.

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