Dover Corporation $DOV Stock Position Lifted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Dover Corporation (NYSE:DOV) by 44.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,370 shares of the industrial products company’s stock after purchasing an additional 3,201 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dover were worth $1,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after buying an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after acquiring an additional 676 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after acquiring an additional 1,580 shares during the period. Sivia Capital Partners LLC bought a new stake in Dover during the second quarter worth approximately $488,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Dover in the second quarter worth approximately $37,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DOV. Barclays set a $206.00 price target on Dover in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dover in a research note on Monday, December 29th. Robert W. Baird set a $255.00 price target on shares of Dover in a research report on Friday, January 30th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, UBS Group set a $256.00 price objective on shares of Dover and gave the stock a “buy” rating in a research note on Sunday, January 4th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Buying and Selling

In other news, SVP Ivonne M. Cabrera sold 2,630 shares of the stock in a transaction on 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 in the company, valued at $13,922,294.40. This represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $302,687.08. Following the transaction, the chief financial officer owned 2,553 shares in the company, valued at $474,960.12. This represents a 38.92% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Dover Price Performance

Shares of NYSE:DOV opened at $223.75 on Monday. The company’s fifty day moving average is $201.20 and its two-hundred day moving average is $184.87. The company has a market cap of $30.69 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $224.03. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. Dover had a return on equity of 17.87% and a net margin of 13.52%.The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 EPS. Equities analysts expect that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

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.