AEGON ASSET MANAGEMENT UK Plc Has $13.52 Million Position in Dover Co. (NYSE:DOV)

AEGON ASSET MANAGEMENT UK Plc trimmed its holdings in Dover Co. (NYSE:DOV - Free Report) by 33.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,926 shares of the industrial products company's stock after selling 39,323 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.06% of Dover worth $13,520,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DOV. Brighton Jones LLC raised its stake in shares of Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock valued at $552,000 after purchasing an additional 1,128 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of Dover by 19.5% during the 4th quarter. Perigon Wealth Management LLC now owns 1,451 shares of the industrial products company's stock worth $282,000 after buying an additional 237 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Dover in the 4th quarter worth approximately $34,000. Caprock Group LLC boosted its holdings in shares of Dover by 2.7% in the fourth quarter. Caprock Group LLC now owns 3,281 shares of the industrial products company's stock valued at $616,000 after acquiring an additional 85 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Dover by 2.1% in the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock valued at $464,000 after acquiring an additional 52 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 0.3%

Shares of DOV stock traded down $0.57 during trading hours on Thursday, reaching $177.09. 887,679 shares of the stock traded hands, compared to its average volume of 1,071,600. The business has a fifty day moving average price of $171.41 and a 200 day moving average price of $186.52. The firm has a market capitalization of $24.28 billion, a PE ratio of 9.10, a PEG ratio of 2.06 and a beta of 1.28. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.06. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. During the same period in the previous year, the firm earned $1.95 earnings per share. Dover's quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, May 30th. Dover's dividend payout ratio (DPR) is currently 12.41%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 target price for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Wall Street Zen cut shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Barclays raised their price objective on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $207.75.

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.