Robeco Schweiz AG trimmed its stake in Dover Co. (NYSE:DOV – Free Report) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,623 shares of the industrial products company’s stock after selling 14,169 shares during the period. Robeco Schweiz AG’s holdings in Dover were worth $31,821,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Versor Investments LP acquired a new stake in Dover during the third quarter worth about $1,920,000. Assenagon Asset Management S.A. lifted its position in shares of Dover by 195.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after acquiring an additional 60,235 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Dover by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after purchasing an additional 5,372 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Dover by 78.6% during the fourth quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company’s stock valued at $2,345,000 after purchasing an additional 5,500 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock valued at $2,523,000 after purchasing an additional 4,629 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on DOV shares. Citigroup decreased their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Oppenheimer reissued an “outperform” rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Finally, UBS Group cut their target price on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $218.91.
Dover Price Performance
Dover stock opened at $197.49 on Thursday. Dover Co. has a 52 week low of $163.32 and a 52 week high of $222.31. The firm has a market cap of $27.10 billion, a P/E ratio of 10.15, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The business’s fifty day moving average is $195.71 and its two-hundred day moving average is $193.08.
Dover (NYSE:DOV – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities research analysts forecast that Dover Co. will post 9.45 earnings per share for the current fiscal year.
Dover Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.
About Dover
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.
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