37,700 Shares in Dover Corporation $DOV Purchased by Andra AP fonden

Andra AP fonden acquired a new stake in shares of Dover Corporation (NYSE:DOV) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,700 shares of the industrial products company’s stock, valued at approximately $6,289,000.

Several other institutional investors have also made changes to their positions in DOV. First Trust Advisors LP lifted its position in shares of Dover by 717.4% in the 2nd quarter. First Trust Advisors LP now owns 1,716,256 shares of the industrial products company’s stock valued at $314,470,000 after acquiring an additional 1,506,288 shares in the last quarter. Norges Bank acquired a new stake in Dover during the 2nd quarter valued at $274,135,000. AQR Capital Management LLC raised its stake in Dover by 912.9% during the 2nd quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company’s stock valued at $144,572,000 after purchasing an additional 711,471 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Dover by 133.6% in the third quarter. Assenagon Asset Management S.A. now owns 656,349 shares of the industrial products company’s stock worth $109,499,000 after buying an additional 375,333 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Dover by 46.8% during the second quarter. Hsbc Holdings PLC now owns 901,460 shares of the industrial products company’s stock valued at $165,158,000 after buying an additional 287,362 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Down 0.8%

Dover stock opened at $225.32 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $237.54. The firm’s fifty day simple moving average is $212.11 and its 200-day simple moving average is $190.18. The company has a market capitalization of $30.39 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.73 and a beta of 1.29.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the company posted $2.20 earnings per share. Dover’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts forecast that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on Dover from $199.00 to $209.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. UBS Group set a $256.00 price target on shares of Dover and gave the stock a “buy” rating in a research report on Sunday, January 4th. Oppenheimer boosted their price objective on shares of Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings downgraded shares of Dover from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company lifted 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. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Buying and Selling

In other news, VP Girish Juneja sold 1,500 shares of Dover stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total value of $346,155.00. Following the transaction, the vice president owned 8,422 shares of the company’s stock, valued at $1,943,544.94. This trade represents a 15.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Tobin sold 76,997 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the completion of the sale, the chief executive officer owned 217,979 shares of the company’s stock, valued at $50,723,713.30. The trade was a 26.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 85,127 shares of company stock worth $19,698,081. 1.30% of the stock is currently owned by insiders.

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.