Dover Corporation $DOV Stock Position Lowered by Boston Partners

Boston Partners lowered its position in shares of Dover Corporation (NYSE:DOV) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 819,860 shares of the industrial products company’s stock after selling 18,130 shares during the quarter. Boston Partners owned 0.60% of Dover worth $150,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AdvisorShares Investments LLC bought a new position in shares of Dover during the 2nd quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Dover during the first quarter valued at approximately $31,000. Harbour Investments Inc. boosted its holdings in Dover by 51.7% during the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after buying an additional 60 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Dover in the second quarter worth approximately $33,000. Finally, Truvestments Capital LLC increased its holdings in shares of Dover by 1,005.9% in the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after buying an additional 171 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Up 0.1%

NYSE:DOV opened at $186.28 on Thursday. The stock has a market cap of $25.55 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week 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 stock’s 50-day moving average is $173.81 and its two-hundred day moving average is $178.34.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. The business had revenue of $1.78 billion during the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. As a group, equities research analysts forecast that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

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

Wall Street Analyst Weigh In

DOV has been the subject of several research reports. Barclays lifted their target price on Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Wells Fargo & Company lifted their price target on Dover from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dover in a research note on Tuesday. UBS Group set a $200.00 target price on shares of Dover in a research report on Friday, October 24th. Finally, Royal Bank Of Canada boosted their price target on shares of Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $212.27.

Dover 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.