Robeco Institutional Asset Management B.V. Purchases 10,159 Shares of Dover Corporation $DOV

Robeco Institutional Asset Management B.V. increased its position in Dover Corporation (NYSE:DOV) by 88.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,601 shares of the industrial products company’s stock after purchasing an additional 10,159 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Dover were worth $3,604,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. lifted its position in shares of Dover by 51.7% in the second 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 during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in Dover by 0.9% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 6,911 shares of the industrial products company’s stock valued at $1,266,000 after acquiring an additional 60 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Dover by 4.9% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,282 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 60 shares during the last quarter. Certuity LLC boosted its position in Dover by 2.5% during the second quarter. Certuity LLC now owns 2,587 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 64 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Dover by 4.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 1,517 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Dover stock opened at $201.68 on Friday. The firm has a market cap of $27.66 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.41 and a beta of 1.31. 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 fifty day moving average price is $190.72 and its two-hundred day moving average price is $181.97. Dover Corporation has a one year low of $143.04 and a one year high of $222.31.

Dover (NYSE:DOV) last released its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. The company had revenue of $1.78 billion for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.Dover has set its FY 2025 guidance at 9.500-9.600 EPS. As a group, research analysts expect that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BNP Paribas started coverage on shares of Dover in a report on Thursday, December 4th. They set a “neutral” rating and a $195.00 target price for the company. Barclays boosted their price objective on Dover from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Dover in a research note on Monday, December 29th. Finally, Morgan Stanley increased their price objective on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $217.09.

Insider Activity at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 2,630 shares of the firm’s 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 sale, the senior vice president owned 72,968 shares of the company’s stock, valued at approximately $13,922,294.40. This trade represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Christopher B. Woenker sold 1,627 shares of Dover 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 completion of the transaction, the chief financial officer owned 2,553 shares in the company, valued at approximately $474,960.12. The trade was a 38.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.30% of the company’s stock.

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.