Bank Julius Baer & Co. Ltd Zurich Has $3.97 Million Stock Holdings in Dover Corporation $DOV

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in Dover Corporation (NYSE:DOV) by 22.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,241 shares of the industrial products company’s stock after selling 6,195 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Dover were worth $3,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 worth $3,036,722,000 after buying an additional 231,146 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dover by 1.0% in the second quarter. Geode Capital Management LLC now owns 3,453,121 shares of the industrial products company’s stock valued at $629,996,000 after acquiring an additional 33,539 shares during the last quarter. Nuveen LLC acquired a new position in Dover in the first quarter worth $526,081,000. Invesco Ltd. increased its position in Dover by 7.9% in the 1st quarter. Invesco Ltd. now owns 1,272,690 shares of the industrial products company’s stock valued at $223,586,000 after acquiring an additional 93,483 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Dover by 2.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 983,375 shares of the industrial products company’s stock worth $172,759,000 after purchasing an additional 19,387 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DOV shares. Oppenheimer raised their target price on shares of Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Royal Bank Of Canada upped their price objective on shares of Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Morgan Stanley lifted their price objective on Dover from $185.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.27.

Dover Stock Performance

Shares of DOV opened at $183.59 on Friday. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.40 and a beta of 1.29. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The firm has a fifty day simple moving average of $173.02 and a 200 day simple moving average of $178.06. 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 results on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. The firm had revenue of $1.78 billion for the quarter. Research analysts forecast that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 28th. Dover’s dividend payout ratio (DPR) is currently 12.79%.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.