Dover Co. (NYSE:DOV) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in shares of Dover Co. (NYSE:DOV) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,400 shares of the industrial products company’s stock after selling 12,500 shares during the quarter. Swiss National Bank owned about 0.31% of Dover worth $67,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted its stake in shares of Dover by 7.2% during the fourth quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company’s stock worth $3,910,000 after purchasing an additional 1,718 shares in the last quarter. Nordea Investment Management AB lifted its position in Dover by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock worth $85,612,000 after acquiring an additional 29,096 shares in the last quarter. Vest Financial LLC boosted its holdings in Dover by 35.7% in the 4th quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock worth $31,145,000 after acquiring an additional 53,273 shares during the period. Chartwell Investment Partners LLC grew its position in Dover by 15.6% in the third quarter. Chartwell Investment Partners LLC now owns 6,733 shares of the industrial products company’s stock valued at $939,000 after acquiring an additional 907 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Dover by 112.9% during the fourth quarter. SG Americas Securities LLC now owns 11,409 shares of the industrial products company’s stock valued at $1,755,000 after purchasing an additional 6,050 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Brad M. Cerepak sold 18,410 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at approximately $3,897,406.09. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Brad M. Cerepak sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the completion of the transaction, the chief financial officer now directly owns 17,909 shares in the company, valued at $3,164,699.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brad M. Cerepak sold 18,410 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the completion of the sale, the chief financial officer now owns 23,909 shares in the company, valued at $3,897,406.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,910 shares of company stock valued at $4,318,059. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DOV. Barclays raised their price target on shares of Dover from $180.00 to $186.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Robert W. Baird raised their target price on Dover from $185.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Mizuho boosted their price target on Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Citigroup increased their price target on Dover from $180.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company upped their target price on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus price target of $185.75.

Dover Price Performance

Shares of DOV opened at $178.99 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.84 and a beta of 1.25. Dover Co. has a 52 week low of $127.25 and a 52 week high of $182.33. The stock has a 50 day moving average of $173.44 and a 200-day moving average of $155.72.

Dover (NYSE:DOV) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. Dover had a net margin of 17.28% and a return on equity of 25.04%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts forecast that Dover Co. will post 9.1 EPS for the current year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.14%. Dover’s dividend payout ratio (DPR) is presently 19.60%.

Dover Company Profile

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.