Robeco Institutional Asset Management B.V. raised its position in shares of Dover Corp (NYSE:DOV) by 121.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,717 shares of the industrial products company’s stock after purchasing an additional 9,172 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Dover were worth $1,688,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in Dover by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company’s stock valued at $531,702,000 after purchasing an additional 848,098 shares in the last quarter. Pzena Investment Management LLC raised its position in Dover by 0.3% during the third quarter. Pzena Investment Management LLC now owns 5,613,811 shares of the industrial products company’s stock valued at $513,046,000 after purchasing an additional 14,504 shares in the last quarter. Wells Fargo & Company MN raised its position in Dover by 2.3% during the third quarter. Wells Fargo & Company MN now owns 3,205,690 shares of the industrial products company’s stock valued at $292,968,000 after purchasing an additional 73,375 shares in the last quarter. Third Point LLC acquired a new position in Dover during the third quarter valued at approximately $150,794,000. Finally, Bessemer Group Inc. raised its position in Dover by 3.2% during the third quarter. Bessemer Group Inc. now owns 1,648,845 shares of the industrial products company’s stock valued at $150,689,000 after purchasing an additional 50,810 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.
Several research analysts have commented on DOV shares. Zacks Investment Research upgraded shares of Dover from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Tuesday, October 17th. BMO Capital Markets restated a “buy” rating on shares of Dover in a research report on Friday, January 26th. Royal Bank of Canada reiterated a “hold” rating and set a $105.00 price target on shares of Dover in a report on Wednesday, January 17th. Stifel Nicolaus reiterated a “hold” rating and set a $112.00 price target (up from $100.00) on shares of Dover in a report on Tuesday, January 16th. Finally, ValuEngine downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $104.42.
In related news, VP William T. Bosway sold 6,087 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the sale, the vice president now directly owns 21,877 shares in the company, valued at $2,070,876.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Goldberg sold 2,430 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $93.50, for a total value of $227,205.00. The disclosure for this sale can be found here. Insiders sold 10,876 shares of company stock valued at $1,026,090 over the last 90 days. 2.50% of the stock is currently owned by company insiders.
Dover Corp (NYSE DOV) opened at $98.57 on Tuesday. The stock has a market cap of $16,080.76, a price-to-earnings ratio of 19.14, a PEG ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.40. Dover Corp has a 1-year low of $75.51 and a 1-year high of $109.06.
Dover (NYSE:DOV) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. Dover had a net margin of 10.37% and a return on equity of 15.24%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. research analysts predict that Dover Corp will post 5.63 EPS for the current fiscal year.
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Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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