Vanguard Personalized Indexing Management LLC Has $2.51 Million Stock Position in Dover Co. (NYSE:DOV)

Vanguard Personalized Indexing Management LLC grew its position in Dover Co. (NYSE:DOV) by 20.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,208 shares of the industrial products company’s stock after purchasing an additional 2,425 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Dover were worth $2,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Dover by 27.4% in the first quarter. BNP Paribas Financial Markets now owns 166,211 shares of the industrial products company’s stock worth $29,451,000 after buying an additional 35,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Dover by 14.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,659 shares of the industrial products company’s stock valued at $35,909,000 after purchasing an additional 25,562 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Dover by 9.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 226,382 shares of the industrial products company’s stock valued at $34,820,000 after purchasing an additional 19,156 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Dover by 14.2% in the fourth quarter. Hsbc Holdings PLC now owns 281,912 shares of the industrial products company’s stock worth $43,330,000 after purchasing an additional 35,109 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Dover by 75.1% during the first quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company’s stock worth $3,539,000 after buying an additional 8,563 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DOV. Robert W. Baird reiterated an “outperform” rating and set a $208.00 price target on shares of Dover in a research note on Monday, July 22nd. Royal Bank of Canada upped their target price on Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Finally, Mizuho lifted their price target on shares of Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.63.

Insiders Place Their Bets

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the transaction, the senior vice president now directly owns 47,060 shares in the company, valued at $8,706,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was 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 of the company’s stock, valued at approximately $2,156,700. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the sale, the senior vice president now directly owns 47,060 shares in the company, valued at approximately $8,706,100. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,383 shares of company stock worth $8,169,883. 1.30% of the stock is currently owned by company insiders.

Dover Stock Down 1.1 %

DOV opened at $189.12 on Friday. The business has a 50 day moving average of $181.73 and a 200-day moving average of $179.28. The stock has a market capitalization of $25.99 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 2.17 and a beta of 1.22. The company has a current ratio of 1.53, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Dover Co. has a 1-year low of $127.25 and a 1-year high of $192.31.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.15. Dover had a net margin of 17.58% and a return on equity of 24.94%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the firm earned $2.05 EPS. The business’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Dover Co. will post 9.17 earnings per share for the current year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.515 dividend. This is a boost from Dover’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 1.09%. Dover’s dividend payout ratio is 19.79%.

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.