BNP PARIBAS ASSET MANAGEMENT Holding S.A. Cuts Stake in Dover Co. (NYSE:DOV)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its stake in Dover Co. (NYSE:DOV) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,527 shares of the industrial products company’s stock after selling 257 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Dover were worth $23,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after buying an additional 167 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Dover in the 3rd quarter valued at approximately $2,444,000. Prospera Financial Services Inc purchased a new stake in Dover during the 3rd quarter valued at $263,000. Pathstone Holdings LLC increased its holdings in shares of Dover by 1.4% in the 3rd quarter. Pathstone Holdings LLC now owns 21,356 shares of the industrial products company’s stock worth $4,095,000 after purchasing an additional 288 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of Dover by 513,400.0% in the third quarter. Quest Partners LLC now owns 5,135 shares of the industrial products company’s stock worth $985,000 after purchasing an additional 5,134 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

NYSE DOV opened at $204.70 on Friday. The business’s fifty day moving average is $193.32 and its 200 day moving average is $185.43. Dover Co. has a fifty-two week low of $137.73 and a fifty-two week high of $205.06. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The company has a market capitalization of $28.08 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.67 and a beta of 1.22.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.01%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

Insider Buying and Selling

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,156,700. This represents a 54.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the sale, the senior vice president now owns 47,060 shares in the company, valued at $8,706,100. The trade was a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays lifted their price objective on Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Oppenheimer reissued an “outperform” rating and set a $215.00 price objective (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. raised their price target on Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.40.

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.