NN Investment Partners Holdings N.V. Reduces Position in Dover Corp (DOV)

NN Investment Partners Holdings N.V. reduced its holdings in Dover Corp (NYSE:DOV) by 54.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,924 shares of the industrial products company’s stock after selling 5,786 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Dover were worth $436,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fort L.P. bought a new stake in shares of Dover in the 2nd quarter worth approximately $118,000. Centaurus Financial Inc. bought a new stake in shares of Dover in the 2nd quarter worth approximately $127,000. Piedmont Investment Advisors LLC bought a new stake in shares of Dover in the 2nd quarter worth approximately $133,000. Cubic Asset Management LLC bought a new stake in shares of Dover in the 3rd quarter worth approximately $213,000. Finally, Lourd Capital LLC bought a new stake in shares of Dover in the 3rd quarter worth approximately $214,000. Institutional investors and hedge funds own 91.78% of the company’s stock.

In related news, Director Mary A. Winston sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were sold at an average price of $82.29, for a total transaction of $164,580.00. Following the transaction, the director now directly owns 13,055 shares of the company’s stock, valued at $1,074,295.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.



A number of research firms recently commented on DOV. ValuEngine upgraded shares of Dover from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Stifel Nicolaus lifted their target price on shares of Dover from $85.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, September 12th. Deutsche Bank set a $79.00 target price on shares of Dover and gave the stock a “hold” rating in a research report on Thursday, July 12th. Citigroup lifted their target price on shares of Dover from $84.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $89.77.

Dover stock opened at $86.85 on Thursday. The company has a market capitalization of $12.56 billion, a PE ratio of 21.55, a PEG ratio of 1.48 and a beta of 1.32. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. Dover Corp has a fifty-two week low of $70.12 and a fifty-two week high of $90.26.

Dover (NYSE:DOV) last released its earnings results on Thursday, October 18th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.07. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Dover had a net margin of 9.69% and a return on equity of 21.22%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. On average, equities research analysts predict that Dover Corp will post 4.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, November 29th. Dover’s payout ratio is presently 47.64%.

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Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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