Aberdeen Group plc Decreases Stock Position in Dover Corporation $DOV

Aberdeen Group plc lowered its holdings in Dover Corporation (NYSE:DOV) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,738 shares of the industrial products company’s stock after selling 2,868 shares during the period. Aberdeen Group plc owned approximately 0.09% of Dover worth $23,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DOV. Machina Capital S.A.S. increased its position in shares of Dover by 91.8% during the third quarter. Machina Capital S.A.S. now owns 16,834 shares of the industrial products company’s stock valued at $2,808,000 after buying an additional 8,055 shares during the period. Generali Asset Management SPA SGR boosted its position in shares of Dover by 103.4% in the third quarter. Generali Asset Management SPA SGR now owns 16,020 shares of the industrial products company’s stock valued at $2,673,000 after acquiring an additional 8,145 shares during the period. SG Americas Securities LLC boosted its position in shares of Dover by 1,644.9% in the third quarter. SG Americas Securities LLC now owns 26,749 shares of the industrial products company’s stock valued at $4,463,000 after acquiring an additional 25,216 shares during the period. Federated Hermes Inc. grew its stake in Dover by 17.3% during the third quarter. Federated Hermes Inc. now owns 43,300 shares of the industrial products company’s stock valued at $7,224,000 after acquiring an additional 6,399 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in Dover by 34.4% during the 3rd quarter. Cerity Partners LLC now owns 91,061 shares of the industrial products company’s stock worth $15,192,000 after acquiring an additional 23,298 shares during the period. 84.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $210.00 price target on shares of Dover in a report on Wednesday, February 4th. Barclays set a $206.00 price objective on Dover in a research note on Monday, February 2nd. BMO Capital Markets assumed coverage on Dover in a research note on Friday, March 27th. They issued a “market perform” rating and a $237.00 target price on the stock. Citigroup reissued a “buy” rating on shares of Dover in a report on Monday, January 12th. Finally, Robert W. Baird set a $255.00 price objective on shares of Dover in a research report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average target price of $226.54.

Dover Trading Down 0.0%

NYSE DOV opened at $205.28 on Monday. The company has a market capitalization of $27.67 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.58 and a beta of 1.25. The stock’s 50-day simple moving average is $216.63 and its two-hundred day simple moving average is $196.12. 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 Corporation has a twelve month low of $143.04 and a twelve month high of $237.54.

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

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.52 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s payout ratio is currently 26.20%.

Insider Transactions at Dover

In other news, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the sale, the senior vice president owned 72,188 shares of the company’s stock, valued at approximately $16,836,407.24. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Girish Juneja sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the transaction, the vice president owned 8,422 shares in the company, valued at $1,943,544.94. This represents a 15.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 82,497 shares of company stock worth $19,196,277. 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.