Nomura Holdings Inc. Increases Holdings in Dover Corporation $DOV

Nomura Holdings Inc. raised its holdings in shares of Dover Corporation (NYSE:DOV) by 95.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,610 shares of the industrial products company’s stock after acquiring an additional 13,496 shares during the quarter. Nomura Holdings Inc.’s holdings in Dover were worth $5,059,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AdvisorShares Investments LLC acquired a new position in Dover in the second quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its position 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 buying an additional 93 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Dover by 51.7% in the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. Truvestments Capital LLC grew its position in shares of Dover by 1,005.9% in the 1st 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 during the last quarter. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Dover during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Up 1.2%

Shares of DOV stock opened at $201.46 on Tuesday. The company has a market capitalization of $27.63 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.55 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. The business’s 50 day moving average is $180.03 and its two-hundred day moving average is $179.21. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31.

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

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s payout ratio is presently 12.79%.

Insider Activity

In other Dover news, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total value of $501,804.00. Following the sale, the senior vice president owned 72,968 shares of the company’s stock, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher B. Woenker sold 1,627 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was 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 disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

DOV has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 8th. Royal Bank Of Canada upped their target price on Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. Oppenheimer raised their price target on Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Wells Fargo & Company reiterated a “positive” rating on shares of Dover in a research note on Monday. Finally, Morgan Stanley raised their target price on shares of Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $210.64.

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.