Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $1.37 Million Stock Position in Dover Co. (NYSE:DOV)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its stake in shares of Dover Co. (NYSE:DOV) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,614 shares of the industrial products company’s stock after selling 932 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Dover were worth $1,374,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Dover by 153.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock worth $466,622,000 after purchasing an additional 1,595,611 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Dover by 162.2% during the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock worth $124,195,000 after buying an additional 425,768 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Dover by 50.7% in the fourth quarter. Wellington Management Group LLP now owns 1,231,606 shares of the industrial products company’s stock valued at $189,433,000 after acquiring an additional 414,481 shares during the period. Interval Partners LP grew its stake in shares of Dover by 110.0% in the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock valued at $105,216,000 after acquiring an additional 305,436 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new position in Dover during the second quarter worth about $17,323,000. Institutional investors own 84.46% of the company’s stock.

Insider Activity

In related news, CFO Brad M. Cerepak sold 4,341 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $184.59, for a total transaction of $801,305.19. Following the sale, the chief financial officer now owns 12,324 shares in the company, valued at approximately $2,274,887.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the transaction, the chief financial officer now owns 12,324 shares in the company, valued at $2,156,700. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brad M. Cerepak sold 4,341 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $184.59, for a total transaction of $801,305.19. Following the completion of the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,274,887.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,383 shares of company stock worth $8,169,883. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DOV shares. Mizuho boosted their price objective on shares of Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Company increased their price target on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Monday. Robert W. Baird reaffirmed an “outperform” rating and issued a $208.00 price objective on shares of Dover in a report on Monday, July 22nd. Royal Bank of Canada increased their target price on Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Finally, Wolfe Research raised Dover to a “hold” rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.50.

Dover Stock Performance

NYSE:DOV opened at $190.46 on Wednesday. Dover Co. has a twelve month low of $127.25 and a twelve month high of $194.75. The company has a quick ratio of 0.95, a current ratio of 1.53 and a debt-to-equity ratio of 0.55. The stock’s 50-day simple moving average is $182.71 and its 200 day simple moving average is $180.45. The firm has a market capitalization of $26.17 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.

Dover (NYSE:DOV) last posted 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. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $2.05 EPS. On average, analysts anticipate that Dover Co. will post 9.17 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Dover’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 1.08%. Dover’s dividend payout ratio is 19.79%.

Dover 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.