The company is up since yesterday’s close of $83.21. The stock last traded at $84.37 barely above $81.54, the stock’s 50 day moving average and slightly over the 200 day moving average of $79.42. The 50 day moving average moved up $2.74 and the 200 day average went up by +6.12%.
Here is the rundown on market activity for Dover Corporation (NYSE:DOV). VP William Spurgeon sold 7,864 shares at a price of $80.96 on April 26th. The VP now owns $513,124 of the stock as reported to the SEC. Michael B. Stubbs, Director disclosed the sale of 20,000 shares of (DOV). The shares were sold on February 27th for an average price of $80.30. Stubbs now owns $45,962,917 of the stock per the Form 4 SEC filing.
Sandra A. Arkell, VP disclosed the sale of 1,850 shares. The shares were purchased at an average price of $79.94. The VP now owns $398,421 of the stock according to the SEC filing.
Dover Corporation, launched on April 22, 1947, is a diversified global manufacturer, delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company operates through four segments: Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Business’s customers include businesses supplying the waste and recycling, agricultural, defense, energy, automotive and commercial refrigeration industries..
Here are some other firms who have updated their holdings. As of the end of the quarter Gateway Investment Advisers LLC had acquired 234 shares growing its stake by 2.3%. The value in dollars went from $831,000 to $848,000 a change of 2.0% for the reporting period. Pennsylvania Trust Co bolstered its position by buying 4,167 shares an increase of 88.5%. Pennsylvania Trust Co currently owns 8,877 shares valued at $712,000. The total value of its holdings increased 88.4%.
Union Bankshares Corp divested its stake by shedding 100 shares a decrease of 2.8% as of 06/30/2017. Union Bankshares Corp now holds 3,525 shares worth $283,000. The value of the position overall is down by 2.7%. As of quarter end Iberiabank Corp had bought a total of 122 shares growing its position 0.3%. The value of the investment in DOV increased from $2,913,000 to $2,918,000 increasing 0.2% quarter to quarter.
On June 21 the company was downgraded to “Neutral” from “Neutral” in a report from Seaport Global. On June 8 the stock rating was upgraded from “Outperform” to “Outperform” in an announcement from BMO Capital.
On October 11 Barclays maintained a stock rating of “Equal-Weight” and moved down the price target to $68.00 from $71.00. October 11 investment analysts at Citigroup kept the company rating at “Equal-Weight” and lowered the price expectation from $86.00 to $68.00.
Equity analyst initiated coverage on the stock with an initial rating of “Neutral”. Susquehanna began coverage by announcing an initial rating of “Neutral”.
Additionally the company announced a dividend paid on Thursday the 15th of June 2017. The dividend was $0.440 per share for the quarter or $1.76 on an annualized basis. This dividend represents a yield of $2.12. The ex-dividend date was set for Friday the 26th of May 2017.
Dover Corporation currently has a P/E ratio of 22.78 and the market cap of the company is 13.12B. In the latest earnings report the EPS was $3.70 and is projected to be $4.20 for the current year with 155,669,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.09 with next year’s EPS projected to be $4.40.