BI Asset Management Fondsmaeglerselskab A S Has $672,000 Holdings in Dover Co. (NYSE:DOV)

BI Asset Management Fondsmaeglerselskab A S decreased its stake in shares of Dover Co. (NYSE:DOV) by 34.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,368 shares of the industrial products company’s stock after selling 2,279 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dover were worth $672,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Dover in the fourth quarter valued at approximately $1,728,000. Norges Bank acquired a new position in Dover in the 4th quarter valued at $175,275,000. ING Groep NV raised its holdings in Dover by 648.1% in the 4th quarter. ING Groep NV now owns 19,151 shares of the industrial products company’s stock worth $2,946,000 after acquiring an additional 16,591 shares during the period. Manchester Capital Management LLC lifted its position in Dover by 4.1% during the 4th quarter. Manchester Capital Management LLC now owns 1,752 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 69 shares during the last quarter. Finally, Mizuho Markets Americas LLC boosted its holdings in Dover by 63.8% during the fourth quarter. Mizuho Markets Americas LLC now owns 34,180 shares of the industrial products company’s stock valued at $5,257,000 after acquiring an additional 13,310 shares during the period. 84.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DOV shares. Wells Fargo & Company lifted their price objective on Dover from $177.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Citigroup upped their price target on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Robert W. Baird raised their price objective on shares of Dover from $185.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada upped their target price on shares of Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Finally, Oppenheimer increased their price target on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven 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 $185.75.

Insider Transactions at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of the 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 sale, the chief financial officer now owns 23,909 shares in the company, valued at $3,897,406.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brad M. Cerepak sold 18,410 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now directly owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen M. Todd sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the sale, the director now directly owns 22,955 shares of the company’s stock, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,910 shares of company stock valued at $4,318,059. Corporate insiders own 1.30% of the company’s stock.

Dover Stock Up 0.8 %

DOV opened at $187.56 on Thursday. The firm’s fifty day moving average price is $177.43 and its two-hundred day moving average price is $160.49. The company has a market capitalization of $25.78 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.31 and a beta of 1.25. Dover Co. has a fifty-two week low of $127.25 and a fifty-two week high of $187.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.89.

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

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors 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 yield of 1.09%. The ex-dividend date is Friday, May 31st. Dover’s dividend payout ratio is currently 19.60%.

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.