Dover Corporation $DOV Stock Holdings Lowered by Tredje AP fonden

Tredje AP fonden lowered its stake in Dover Corporation (NYSE:DOV) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,269 shares of the industrial products company’s stock after selling 9,455 shares during the period. Tredje AP fonden owned approximately 0.12% of Dover worth $27,238,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of DOV. Vanguard Group Inc. grew its position in Dover by 1.4% during the second quarter. Vanguard Group Inc. now owns 16,573,281 shares of the industrial products company’s stock valued at $3,036,722,000 after purchasing an additional 231,146 shares in the last quarter. State Street Corp raised its stake in shares of Dover by 2.7% in the 2nd quarter. State Street Corp now owns 6,447,149 shares of the industrial products company’s stock valued at $1,181,311,000 after acquiring an additional 171,934 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Dover by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,453,121 shares of the industrial products company’s stock worth $629,996,000 after purchasing an additional 33,539 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Dover by 10.6% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,376,279 shares of the industrial products company’s stock worth $435,406,000 after purchasing an additional 227,653 shares during the period. Finally, First Trust Advisors LP boosted its position in Dover by 717.4% during the second quarter. First Trust Advisors LP now owns 1,716,256 shares of the industrial products company’s stock worth $314,470,000 after purchasing an additional 1,506,288 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

NYSE DOV opened at $233.12 on Friday. The company’s fifty day moving average is $209.02 and its two-hundred day moving average is $188.25. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28. The firm has a market capitalization of $31.44 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.78 and a beta of 1.29.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company earned $2.20 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Equities research analysts forecast that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Dover’s dividend payout ratio (DPR) is presently 26.20%.

Insider Transactions at Dover

In other Dover news, CEO Richard J. Tobin sold 76,997 shares of Dover stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the sale, the chief executive officer owned 217,979 shares in the company, valued at $50,723,713.30. The trade was a 26.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the sale, the senior vice president directly owned 72,188 shares in the company, valued at $16,836,407.24. This trade represents a 5.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 86,754 shares of company stock valued at $20,000,768. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Dover from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Morgan Stanley set a $210.00 price target on shares of Dover in a report on Wednesday, February 4th. Barclays set a $206.00 price target on Dover in a research report on Monday, February 2nd. Royal Bank Of Canada boosted their price objective on Dover from $199.00 to $209.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Finally, UBS Group set a $256.00 target price on Dover and gave the company a “buy” rating in a research note on Sunday, January 4th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.