Dover Corporation (NYSE:DOV) is expected to pay $0.44 on Dec 15, 2016. The indicated annual dividend is $1.76. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Dover Corporation’s current price of $72.28, the dividend is 0.61%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 7, 2016. The stock increased 0.06% or $0.04 on November 25, hitting $72.28. About 436,575 shares traded hands. Dover Corp (NYSE:DOV) has risen 8.22% since April 25, 2016 and is uptrending. It has outperformed by 2.21% the S&P500.
Dover Corporation is engaged in the manufacturing of equipment, components and specialty systems. The company has a market cap of $11.23 billion. The Firm also provides supporting engineering, testing and other services. It has a 23.33 P/E ratio. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.01, from 0.94 in 2016Q1. The ratio worsened, as 38 funds sold all Dover Corp shares owned while 196 reduced positions. 61 funds bought stakes while 158 increased positions. They now own 132.11 million shares or 2.85% less from 135.99 million shares in 2016Q1.
The France-based Capital Fund Mngmt has invested 0.01% in Dover Corp (NYSE:DOV). Duncker Streett And Communication reported 16,353 shares or 0.4% of all its holdings. Panagora Asset Mgmt has 119,371 shares for 0.04% of their US portfolio. The Pennsylvania-based Nationwide Fund Advisors has invested 0.05% in Dover Corp (NYSE:DOV). Fort Washington Advsr Inc Oh holds 24,689 shares or 0.03% of its portfolio. The New York-based X Mngmt Ltd Liability Corp has invested 0% in Dover Corp (NYSE:DOV). Td Asset Management Inc last reported 0.01% of its portfolio in the stock. Nomura Incorporated holds 50,846 shares or 0.01% of its portfolio. Pennsylvania Tru holds 0.03% or 5,960 shares in its portfolio. Retirement Of Alabama owns 79,096 shares or 0.03% of their US portfolio. At Bancshares accumulated 4,009 shares or 0.04% of the stock. Union Commercial Bank has 3,625 shares for 0.1% of their US portfolio. Valley Natl Advisers Inc holds 0.03% or 893 shares in its portfolio. Calvert Investment Management Inc last reported 0.65% of its portfolio in the stock. Moreover, Thompson Siegel & Walmsley Ltd Company has 0% invested in Dover Corp (NYSE:DOV) for 67 shares.
Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 6 sales for $3.67 million net activity. Arkell Sandra A also sold $38,832 worth of Dover Corp (NYSE:DOV) on Wednesday, October 26. STUBBS MICHAEL B sold $1.36M worth of stock or 19,000 shares. Another trade for 17,170 shares valued at $1.23 million was made by Spurgeon William on Tuesday, July 26. $104,262 worth of Dover Corp (NYSE:DOV) was sold by Fincher C. Anderson on Monday, August 8. Kloosterboer Jay L sold $807,889 worth of stock. 1,800 shares were sold by Goldberg Paul, worth $129,836 on Wednesday, August 3.
Dover Corp (NYSE:DOV) Ratings Coverage
Out of 19 analysts covering Dover (NYSE:DOV), 8 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 42% are positive. $86 is the highest target while $51 is the lowest. The $68.58 average target is -5.12% below today’s ($72.28) stock price. Dover has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Robert W. Baird upgraded the shares of DOV in a report on Wednesday, June 8 to “Outperform” rating. The stock of Dover Corp (NYSE:DOV) has “Mkt Perform” rating given on Friday, January 15 by Bernstein. The stock of Dover Corp (NYSE:DOV) earned “Buy” rating by SunTrust on Tuesday, November 3. The firm has “Outperform” rating given on Monday, August 31 by Bernstein. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, October 5 report. The stock of Dover Corp (NYSE:DOV) earned “Sell” rating by UBS on Wednesday, January 13. The stock has “Buy” rating given by William Blair on Friday, September 4. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, March 17 report. Oppenheimer initiated the shares of DOV in a report on Friday, December 4 with “Perform” rating. Barclays Capital maintained the stock with “Equalweight” rating in Monday, July 18 report.
Another recent and important Dover Corp (NYSE:DOV) news was published by Investorplace.com which published an article titled: “Why Now May Be the Time to Dump Dover Corp (DOV)” on November 09, 2016.
DOV Company Profile
Dover Corporation (Dover), incorporated on April 22, 1947, is engaged in the manufacturing of equipment, components and specialty systems. The Firm also provides supporting engineering, testing and other services. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Company’s businesses are based in the United States and Europe with manufacturing and other activities across the world. The Company’s clients include businesses supplying the waste and recycling; agricultural; defense; energy; automotive and commercial refrigeration industries; businesses supplying the power generation; aerospace, and chemical industries.
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