Oregon Public Employees Retirement Fund Has $1,300,000 Stake in Dover Corporation (NYSE:DOV)

Oregon Public Employees Retirement Fund continued to hold its position in Dover Corporation (NYSE:DOV) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,201 shares of the industrial products company’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Dover Corporation were worth $1,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Bank & Trust increased its position in Dover Corporation by 15.5% in the first quarter. First Bank & Trust now owns 1,326 shares of the industrial products company’s stock worth $106,000 after buying an additional 178 shares during the last quarter. Ledyard National Bank increased its position in Dover Corporation by 421.1% in the first quarter. Ledyard National Bank now owns 1,485 shares of the industrial products company’s stock worth $119,000 after buying an additional 1,200 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Dover Corporation by 5,446.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $143,000 after buying an additional 1,743 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Dover Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,978 shares of the industrial products company’s stock worth $158,000 after buying an additional 172 shares during the period. Finally, First Mercantile Trust Co. boosted its stake in Dover Corporation by 16.8% in the first quarter. First Mercantile Trust Co. now owns 2,114 shares of the industrial products company’s stock worth $170,000 after buying an additional 304 shares during the period. Institutional investors own 85.31% of the company’s stock.

Dover Corporation (NYSE:DOV) traded down 0.54% during mid-day trading on Friday, hitting $85.05. 863,450 shares of the company traded hands. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 21.26 and a beta of 1.27. Dover Corporation has a one year low of $65.50 and a one year high of $87.63. The company’s 50-day moving average price is $83.36 and its 200 day moving average price is $80.94.

Dover Corporation (NYSE:DOV) last released its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.94 billion. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, analysts anticipate that Dover Corporation will post $4.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Tuesday, August 29th. This is a boost from Dover Corporation’s previous quarterly dividend of $0.44. Dover Corporation’s dividend payout ratio is 44.11%.

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A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Dover Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut shares of Dover Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and set a $87.00 target price on shares of Dover Corporation in a research note on Thursday, July 6th. Citigroup Inc. raised their target price on shares of Dover Corporation from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dover Corporation in a research note on Wednesday, June 7th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $87.73.

In related news, Director Michael B. Stubbs sold 25,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.04, for a total value of $2,176,000.00. Following the sale, the director now owns 275,344 shares in the company, valued at approximately $23,965,941.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael B. Stubbs sold 40,000 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $83.22, for a total value of $3,328,800.00. Following the completion of the sale, the director now owns 275,344 shares in the company, valued at approximately $22,914,127.68. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

About Dover Corporation

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

Institutional Ownership by Quarter for Dover Corporation (NYSE:DOV)

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