Schroder Investment Management Group Increases Stock Holdings in Dover Corporation $DOV

Schroder Investment Management Group grew its holdings in shares of Dover Corporation (NYSE:DOV) by 17.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,571 shares of the industrial products company’s stock after purchasing an additional 24,312 shares during the quarter. Schroder Investment Management Group’s holdings in Dover were worth $29,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in Dover during the first quarter valued at $526,081,000. Norges Bank bought a new position in shares of Dover during the 2nd quarter valued at approximately $274,135,000. Hsbc Holdings PLC grew its stake in shares of Dover by 46.8% during the 2nd quarter. Hsbc Holdings PLC now owns 901,460 shares of the industrial products company’s stock valued at $165,158,000 after acquiring an additional 287,362 shares during the period. Vanguard Group Inc. raised its stake in Dover by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,573,281 shares of the industrial products company’s stock worth $3,036,722,000 after acquiring an additional 231,146 shares during the period. Finally, Strs Ohio purchased a new position in Dover during the first quarter valued at approximately $40,148,000. 84.46% of the stock is currently owned by institutional investors.

Insider Transactions at Dover

In other Dover news, CFO Christopher B. Woenker sold 1,627 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the transaction, the chief financial officer owned 2,553 shares of the company’s stock, valued at $474,960.12. This represents a 38.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

DOV has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on shares of Dover from $185.00 to $195.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dover in a report on Tuesday, November 25th. Robert W. Baird set a $235.00 price objective on Dover in a research note on Friday, October 24th. UBS Group set a $200.00 target price on Dover in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.27.

Dover Price Performance

Shares of Dover stock opened at $184.96 on Tuesday. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04. The stock has a 50 day moving average price of $174.66 and a 200-day moving average price of $178.32. Dover Corporation has a one year low of $143.04 and a one year high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The company had revenue of $1.78 billion during the quarter. Equities analysts expect that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 28th. Dover’s dividend payout ratio is presently 12.79%.

Dover Profile

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.