Citizens Financial Group Inc. RI Has $405,000 Holdings in Dover Co. (NYSE:DOV)

Citizens Financial Group Inc. RI increased its stake in shares of Dover Co. (NYSE:DOV) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,244 shares of the industrial products company’s stock after buying an additional 277 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Dover were worth $405,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Dover by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock valued at $271,702,000 after purchasing an additional 60,912 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in Dover by 47.8% in the second quarter. Meeder Advisory Services Inc. now owns 2,692 shares of the industrial products company’s stock valued at $486,000 after buying an additional 871 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Dover by 16.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 92,156 shares of the industrial products company’s stock worth $16,436,000 after buying an additional 13,169 shares during the last quarter. Vest Financial LLC increased its holdings in shares of Dover by 1.5% during the second quarter. Vest Financial LLC now owns 253,410 shares of the industrial products company’s stock worth $45,728,000 after buying an additional 3,705 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Dover by 162.2% in the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock valued at $124,195,000 after acquiring an additional 425,768 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 1.2 %

DOV stock opened at $186.01 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.53 and a debt-to-equity ratio of 0.55. Dover Co. has a twelve month low of $127.25 and a twelve month high of $192.31. The company has a market cap of $25.56 billion, a P/E ratio of 17.87, a PEG ratio of 2.17 and a beta of 1.22. The business has a fifty day moving average of $181.40 and a 200-day moving average of $179.15.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.15. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Dover had a return on equity of 24.94% and a net margin of 17.58%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 EPS. As a group, equities research analysts expect that Dover Co. will post 9.17 EPS for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.515 per share. This is a boost from Dover’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.11%. Dover’s payout ratio is presently 19.79%.

Insider Activity

In related news, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares in the company, valued at $2,156,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the sale, the chief executive officer now owns 182,928 shares of the company’s stock, valued at approximately $33,285,578.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at $2,156,700. The disclosure for this sale can be found here. Insiders have sold a total of 45,383 shares of company stock valued at $8,169,883 in the last 90 days. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOV. Royal Bank of Canada raised their price target on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Mizuho increased their target price on Dover from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $208.00 price target on shares of Dover in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $192.63.

About Dover

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.