Tredje AP fonden Has $27.24 Million Stock Holdings in Dover Corporation $DOV

Tredje AP fonden decreased its holdings in shares of Dover Corporation (NYSE:DOV) by 5.5% in the third quarter, Holdings Channel reports. The firm owned 163,269 shares of the industrial products company’s stock after selling 9,455 shares during the quarter. Tredje AP fonden’s holdings in Dover were worth $27,238,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DOV. Machina Capital S.A.S. boosted its stake in Dover by 38.8% in 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 in the last quarter. Generali Asset Management SPA SGR lifted its position in 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 in the last quarter. Advisory Resource Group grew its holdings in Dover by 7.7% during the 2nd quarter. Advisory Resource Group now owns 28,732 shares of the industrial products company’s stock worth $5,264,000 after acquiring an additional 2,047 shares during the last quarter. SG Americas Securities LLC grew its holdings in Dover by 1,644.9% during the 3rd quarter. SG Americas Securities LLC now owns 26,749 shares of the industrial products company’s stock worth $4,463,000 after acquiring an additional 25,216 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Dover by 34.4% in the 3rd quarter. Cerity Partners LLC now owns 91,061 shares of the industrial products company’s stock valued at $15,192,000 after acquiring an additional 23,298 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research reports. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings downgraded Dover from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday. Morgan Stanley set a $210.00 price objective on Dover in a research report on Wednesday, February 4th. Oppenheimer lifted their target price on Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, UBS Group set a $256.00 price target on Dover and gave the company a “buy” rating in a research note on Sunday, January 4th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Activity

In other news, CFO Christopher B. Woenker sold 1,627 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $186.04, for a total value of $302,687.08. Following the sale, the chief financial officer directly owned 2,553 shares of the company’s stock, valued at approximately $474,960.12. This represents a 38.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the completion of the sale, the chief executive officer owned 217,979 shares of the company’s stock, valued at $50,723,713.30. This trade represents a 26.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 86,754 shares of company stock valued at $20,000,768 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Dover Trading Up 0.3%

Shares of NYSE:DOV opened at $233.12 on Friday. The company’s 50-day moving average price is $209.02 and its two-hundred day moving average price is $188.25. Dover Corporation has a one year low of $143.04 and a one year high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28. The stock has a market capitalization of $31.44 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.29.

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

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th. Dover’s dividend payout ratio (DPR) is 26.20%.

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.