Robeco Schweiz AG Acquires 28,765 Shares of Dover Corporation $DOV

Robeco Schweiz AG increased its holdings in shares of Dover Corporation (NYSE:DOV) by 23.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,567 shares of the industrial products company’s stock after acquiring an additional 28,765 shares during the quarter. Robeco Schweiz AG owned about 0.11% of Dover worth $25,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Machina Capital S.A.S. lifted its stake in Dover by 38.8% during the second quarter. Machina Capital S.A.S. now owns 8,779 shares of the industrial products company’s stock worth $1,609,000 after purchasing an additional 2,452 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Dover by 9.3% during the 2nd quarter. Nordea Investment Management AB now owns 124,031 shares of the industrial products company’s stock worth $22,701,000 after buying an additional 10,581 shares in the last quarter. Generali Asset Management SPA SGR lifted its position in shares of Dover by 103.4% during the 3rd quarter. Generali Asset Management SPA SGR now owns 16,020 shares of the industrial products company’s stock worth $2,673,000 after buying an additional 8,145 shares during the last quarter. Advisory Resource Group boosted its stake in Dover by 7.7% in the second quarter. Advisory Resource Group now owns 28,732 shares of the industrial products company’s stock valued at $5,264,000 after buying an additional 2,047 shares in the last quarter. Finally, Vinva Investment Management Ltd bought a new position in Dover in the second quarter valued at about $1,411,000. 84.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DOV shares. Morgan Stanley increased their target price on shares of Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. BNP Paribas initiated coverage on shares of Dover in a research report on Thursday, December 4th. They issued a “neutral” rating and a $195.00 target price on the stock. Oppenheimer upped their price target on shares of Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Royal Bank Of Canada boosted their price objective on Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a research report on Monday. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $217.09.

Insider Buying and Selling at Dover

In other Dover news, 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 transaction of $302,687.08. Following the transaction, the chief financial officer directly owned 2,553 shares of the company’s stock, valued at $474,960.12. The trade was a 38.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ivonne M. Cabrera sold 2,630 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the sale, the senior vice president directly owned 72,968 shares of the company’s stock, valued at $13,922,294.40. The trade was a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by company insiders.

Dover Stock Performance

Shares of Dover stock opened at $204.34 on Wednesday. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $191.75 and a two-hundred day moving average price of $182.28. The company has a market cap of $28.03 billion, a P/E ratio of 12.57, a PEG ratio of 1.42 and a beta of 1.31.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.50 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. Dover had a net margin of 28.37% and a return on equity of 17.62%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. Dover has set its FY 2025 guidance at 9.500-9.600 EPS. As a group, analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

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

Dover 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.