6,300 Shares in Dover Corporation $DOV Purchased by Pensionfund Sabic

Pensionfund Sabic bought a new stake in shares of Dover Corporation (NYSE:DOV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,300 shares of the industrial products company’s stock, valued at approximately $1,230,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its position in shares of Dover by 1.3% during the third quarter. State Street Corp now owns 6,533,361 shares of the industrial products company’s stock valued at $1,089,961,000 after buying an additional 86,212 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Dover by 10.6% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,376,279 shares of the industrial products company’s stock worth $435,406,000 after acquiring an additional 227,653 shares during the last quarter. Wellington Management Group LLP grew its stake in Dover by 16.1% during the third quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock valued at $355,458,000 after acquiring an additional 294,856 shares in the last quarter. First Trust Advisors LP increased its holdings in Dover by 717.4% in the 2nd quarter. First Trust Advisors LP now owns 1,716,256 shares of the industrial products company’s stock valued at $314,470,000 after acquiring an additional 1,506,288 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Dover by 13.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,664,306 shares of the industrial products company’s stock valued at $277,656,000 after acquiring an additional 193,878 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Up 1.6%

Shares of NYSE DOV opened at $215.67 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. The business’s 50 day moving average price is $216.42 and its 200-day moving average price is $194.26. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $237.54. The company has a market cap of $29.09 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.63 and a beta of 1.27.

Dover (NYSE:DOV) last released its 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 business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. Dover had a return on equity of 17.87% and a net margin of 13.52%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $2.20 earnings per share. On average, sell-side analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Girish Juneja sold 1,500 shares of the business’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 value of $346,155.00. Following the completion of the sale, the vice president owned 8,422 shares in the company, valued at approximately $1,943,544.94. The trade was a 15.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $932,920.00. Following the completion of the transaction, the senior vice president directly owned 72,188 shares in the company, valued at approximately $16,836,407.24. This trade represents a 5.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,497 shares of company stock worth $19,196,277 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the subject of several research reports. BNP Paribas Exane assumed coverage on shares of Dover in a report on Thursday, December 4th. They set a “neutral” rating and a $195.00 price objective for the company. Royal Bank Of Canada boosted their target price on Dover from $199.00 to $209.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Citigroup restated a “buy” rating on shares of Dover in a report on Monday, January 12th. Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $210.00 to $230.00 in a report on Tuesday, March 17th. Finally, Robert W. Baird set a $255.00 target price on Dover in a research report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.67.

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.