SG Americas Securities LLC Boosts Stock Holdings in Dover Corporation $DOV

SG Americas Securities LLC grew its holdings in Dover Corporation (NYSE:DOV) by 1,644.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 26,749 shares of the industrial products company’s stock after buying an additional 25,216 shares during the quarter. SG Americas Securities LLC’s holdings in Dover were worth $4,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Machina Capital S.A.S. raised its position in shares of Dover by 38.8% in the 2nd quarter. Machina Capital S.A.S. now owns 8,779 shares of the industrial products company’s stock valued at $1,609,000 after purchasing an additional 2,452 shares during the last quarter. Nordea Investment Management AB increased its stake in Dover by 9.3% during the 2nd quarter. Nordea Investment Management AB now owns 124,031 shares of the industrial products company’s stock valued at $22,701,000 after purchasing an additional 10,581 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Dover by 1,034.4% in the first 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 last quarter. Generali Asset Management SPA SGR lifted its stake in shares of Dover by 103.4% during the third quarter. Generali Asset Management SPA SGR now owns 16,020 shares of the industrial products company’s stock worth $2,673,000 after buying an additional 8,145 shares during the period. Finally, Advisory Resource Group grew its holdings in shares of Dover by 7.7% during the second quarter. Advisory Resource Group now owns 28,732 shares of the industrial products company’s stock valued at $5,264,000 after buying an additional 2,047 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Insider Transactions at Dover

In related news, CFO Christopher B. Woenker sold 1,627 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the completion of the transaction, the chief financial officer owned 2,553 shares of the company’s stock, valued at approximately $474,960.12. This represents a 38.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ivonne M. Cabrera sold 2,630 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total value of $501,804.00. Following the transaction, the senior vice president owned 72,968 shares in the company, valued at $13,922,294.40. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

DOV has been the subject of a number of research reports. Morgan Stanley lifted their price target on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Oppenheimer upped their target price on Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. raised their price target on shares of Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Dover from $200.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.09.

Dover Stock Down 0.2%

Shares of DOV stock opened at $201.68 on Monday. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The stock has a market cap of $27.66 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.41 and a beta of 1.31. The stock has a 50 day moving average of $190.72 and a 200 day moving average of $181.98. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. The business had revenue of $1.78 billion for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. Dover has set its FY 2025 guidance at 9.500-9.600 EPS. As a group, sell-side analysts expect that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s payout ratio is presently 12.79%.

Dover Profile

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.