Qube Research & Technologies Ltd Boosts Holdings in Dover Corporation $DOV

Qube Research & Technologies Ltd grew its position in shares of Dover Corporation (NYSE:DOV) by 45.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 797,576 shares of the industrial products company’s stock after purchasing an additional 249,876 shares during the period. Qube Research & Technologies Ltd’s holdings in Dover were worth $146,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOV. AdvisorShares Investments LLC purchased a new position in Dover during the second quarter worth about $30,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Dover by 122.4% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 93 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Dover by 51.7% in the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Truvestments Capital LLC raised its stake in Dover by 1,005.9% in the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 171 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new stake in Dover during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research analyst reports. UBS Group set a $200.00 price target on shares of Dover in a report on Friday, October 24th. Robert W. Baird set a $235.00 target price on Dover in a research note on Friday, October 24th. Barclays lifted their price target on Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. BNP Paribas started coverage on Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 price objective on the stock. Finally, Oppenheimer raised their price objective on Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and an average target price of $210.83.

Dover Stock Up 2.8%

DOV opened at $195.48 on Thursday. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $177.99 and its 200-day moving average price is $178.77. The company has a market cap of $26.81 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.48 and a beta of 1.31.

Dover (NYSE:DOV) last posted 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 business had revenue of $1.78 billion for the quarter. On average, equities analysts expect that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

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

Insiders Place Their Bets

In other Dover news, SVP Ivonne M. Cabrera sold 2,630 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total transaction of $501,804.00. Following the completion of the sale, the senior vice president owned 72,968 shares of the company’s stock, valued at $13,922,294.40. This represents a 3.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Christopher B. Woenker sold 1,627 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $186.04, for a total transaction of $302,687.08. Following the completion of the sale, the chief financial officer directly owned 2,553 shares in the company, valued at approximately $474,960.12. This trade represents a 38.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.30% of the company’s stock.

Dover Company 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.