Robeco Institutional Asset Management B.V. Buys 10,159 Shares of Dover Corporation $DOV

Robeco Institutional Asset Management B.V. boosted its stake in Dover Corporation (NYSE:DOV) by 88.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,601 shares of the industrial products company’s stock after purchasing an additional 10,159 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Dover were worth $3,604,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its position in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 676 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Dover by 11.8% in the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after buying an additional 1,580 shares during the period. Integrity Alliance LLC. bought a new position in Dover in the 1st quarter valued at approximately $332,000. Finally, Acadian Asset Management LLC boosted its position in Dover by 1,034.4% during the 1st quarter. Acadian Asset Management LLC now owns 34,237 shares of the industrial products company’s stock worth $6,012,000 after buying an additional 31,219 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Dover Stock Down 0.2%

Shares of NYSE:DOV opened at $201.68 on Friday. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44. The business’s 50-day moving average is $190.72 and its 200-day moving average is $181.97. The company has a market capitalization of $27.66 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.41 and a beta of 1.31.

Dover (NYSE:DOV) last issued its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share 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 during the quarter. Dover has set its FY 2025 guidance at 9.500-9.600 EPS. Equities research analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio is currently 12.79%.

Analysts Set New Price Targets

Several equities analysts have issued reports on DOV shares. Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $205.00 and gave the company an “equal weight” rating in a research report on Wednesday. Oppenheimer boosted their price objective on shares of Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Morgan Stanley raised their target price on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Robert W. Baird set a $235.00 price objective on Dover in a research report on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.09.

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.