Generali Asset Management SPA SGR Increases Stock Holdings in Dover Corporation $DOV

Generali Asset Management SPA SGR increased its stake in shares of Dover Corporation (NYSE:DOV) by 103.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,020 shares of the industrial products company’s stock after buying an additional 8,145 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Dover were worth $2,673,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DOV. Brighton Jones LLC grew its stake in shares of Dover by 62.1% in the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 1,128 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in Dover by 26.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 1,722 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 365 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in Dover by 34.7% during the first quarter. Federation des caisses Desjardins du Quebec now owns 6,958 shares of the industrial products company’s stock worth $1,223,000 after purchasing an additional 1,792 shares during the last quarter. Amundi grew its position in Dover by 15.7% in the 1st quarter. Amundi now owns 750,486 shares of the industrial products company’s stock worth $122,127,000 after purchasing an additional 101,961 shares in the last quarter. Finally, Clark Capital Management Group Inc. purchased a new stake in Dover in the 1st quarter valued at about $211,000. 84.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction 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 completion of the transaction, the senior vice president directly owned 72,968 shares in the company, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their ownership of the stock. 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 dated Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the sale, the chief financial officer directly owned 2,553 shares in the company, valued at $474,960.12. This trade represents a 38.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DOV. JPMorgan Chase & Co. upped their target price on Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. UBS Group set a $200.00 price objective on Dover in a research report on Friday, October 24th. BNP Paribas initiated coverage on Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 target price for the company. Royal Bank Of Canada boosted their price target on shares of Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Finally, Oppenheimer raised their price objective on shares of Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.64.

Dover Stock Up 0.2%

DOV stock opened at $195.53 on Friday. The stock has a fifty day moving average of $188.54 and a 200-day moving average of $181.09. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company has a market capitalization of $26.82 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.36 and a beta of 1.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04.

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

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were 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 was Friday, November 28th. Dover’s payout ratio is currently 12.79%.

Dover Company Profile

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.