Brown Advisory Inc. Buys 3,267 Shares of Dover Corporation $DOV

Brown Advisory Inc. increased its stake in shares of Dover Corporation (NYSE:DOV) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,691 shares of the industrial products company’s stock after buying an additional 3,267 shares during the quarter. Brown Advisory Inc. owned about 0.19% of Dover worth $47,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Machina Capital S.A.S. lifted its holdings in shares of Dover by 38.8% in the second quarter. Machina Capital S.A.S. now owns 8,779 shares of the industrial products company’s stock worth $1,609,000 after acquiring an additional 2,452 shares during the last quarter. Nordea Investment Management AB lifted its stake in Dover by 9.3% in 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 during the last quarter. Hsbc Holdings PLC lifted its stake in Dover by 77.9% in the 1st quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company’s stock valued at $107,677,000 after purchasing an additional 268,931 shares during the last quarter. Acadian Asset Management LLC boosted its position in 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 valued at $6,012,000 after buying an additional 31,219 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Dover by 4.8% in the first quarter. Raymond James Financial Inc. now owns 171,766 shares of the industrial products company’s stock valued at $30,176,000 after buying an additional 7,903 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dover news, CFO Christopher B. Woenker sold 1,627 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $186.04, for a total value of $302,687.08. Following the transaction, the chief financial officer directly owned 2,553 shares of the company’s stock, valued at approximately $474,960.12. This trade represents a 38.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $190.80, for a total transaction of $501,804.00. Following the transaction, the senior vice president owned 72,968 shares of the company’s stock, valued at $13,922,294.40. This represents a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on DOV shares. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Oppenheimer lifted their target price on shares of Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. BNP Paribas initiated coverage on shares of Dover in a report on Thursday. They set a “neutral” rating and a $195.00 target price on the stock. Barclays raised their price target on shares of Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dover in a research note on Monday. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Dover presently has a consensus rating of “Hold” and an average price target of $210.83.

Dover Trading Up 0.2%

NYSE:DOV opened at $190.93 on Friday. The firm has a fifty day simple moving average of $176.45 and a two-hundred day simple moving average of $178.53. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.48 and a beta of 1.31. 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 released its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. The company had revenue of $1.78 billion for the quarter. Analysts expect that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

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

About Dover

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.