BI Asset Management Fondsmaeglerselskab A S Buys 3,201 Shares of Dover Corporation $DOV

BI Asset Management Fondsmaeglerselskab A S grew its position in Dover Corporation (NYSE:DOV) by 44.7% in the third quarter, Holdings Channel.com reports. The fund owned 10,370 shares of the industrial products company’s stock after buying an additional 3,201 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dover were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DOV. AdvisorShares Investments LLC bought a new position in Dover in the second quarter worth $30,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Dover by 122.4% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 93 shares during the period. Caldwell Trust Co acquired a new stake in shares of Dover during the 2nd quarter valued at about $31,000. Harbour Investments Inc. raised its position in 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 in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Dover during the second quarter worth about $37,000. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dover in a report on Monday, December 29th. Robert W. Baird set a $255.00 target price on Dover in a research report on Friday, January 30th. Royal Bank Of Canada boosted their price target on Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. UBS Group set a $256.00 price objective on Dover and gave the stock a “buy” rating in a research note on Sunday, January 4th. Finally, Wells Fargo & Company boosted their target price on shares of Dover from $205.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $224.00.

Dover Stock Up 2.8%

NYSE:DOV opened at $223.75 on Monday. The company has a market cap of $30.69 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 1.72 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. The stock’s fifty day moving average price is $201.20 and its two-hundred day moving average price is $184.87. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $224.03.

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, topping analysts’ consensus estimates of $2.48 by $0.03. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. Dover had a return on equity of 17.87% and a net margin of 13.52%.The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 earnings per share. On average, analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Insider Transactions at Dover

In related news, SVP Ivonne M. Cabrera sold 2,630 shares of the business’s stock in a transaction that occurred 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 directly owned 72,968 shares of the company’s stock, valued at $13,922,294.40. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Christopher B. Woenker sold 1,627 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $186.04, for a total transaction of $302,687.08. Following the completion of the transaction, the chief financial officer directly owned 2,553 shares in the company, valued at approximately $474,960.12. The trade was a 38.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

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.