ASR Vermogensbeheer N.V. Takes Position in Dover Corporation (NYSE:DOV)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Dover Corporation, purchasing 45,641 shares valued at approximately $8,019,000 during the first quarter.
• Dover reported $2.44 earnings per share (EPS) in its latest quarterly earnings, exceeding expectations and reflecting a 5.2% increase in revenue year-over-year.
• Most analysts have a consensus rating of "Moderate Buy" for Dover's stock, with price targets ranging significantly, including $234.00 from Robert W. Baird.

ASR Vermogensbeheer N.V. acquired a new stake in Dover Corporation (NYSE:DOV - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,641 shares of the industrial products company's stock, valued at approximately $8,019,000.

Several other hedge funds have also modified their holdings of DOV. Ecofi Investissements SA grew its holdings in shares of Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after buying an additional 50 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Dover by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 67 shares in the last quarter. Lido Advisors LLC boosted its holdings in Dover by 1.4% in the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock valued at $923,000 after purchasing an additional 69 shares in the last quarter. Colonial Trust Co SC boosted its holdings in Dover by 11.1% in the 4th quarter. Colonial Trust Co SC now owns 720 shares of the industrial products company's stock valued at $135,000 after purchasing an additional 72 shares in the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in Dover by 5.5% in the 1st quarter. Premier Path Wealth Partners LLC now owns 1,538 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 80 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 1.6%

Shares of Dover stock opened at $174.34 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a market capitalization of $23.91 billion, a P/E ratio of 10.51, a P/E/G ratio of 1.41 and a beta of 1.26. The business has a 50 day moving average price of $182.42 and a 200 day moving average price of $182.65.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.05. Dover had a return on equity of 18.19% and a net margin of 29.29%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $2.36 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DOV shares. JPMorgan Chase & Co. lifted their price objective on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Citigroup reaffirmed a "buy" rating and issued a $226.00 price objective (up previously from $202.00) on shares of Dover in a report on Monday, July 14th. Royal Bank Of Canada lifted their price objective on Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Morgan Stanley began coverage on shares of Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price target for the company. Finally, Robert W. Baird lifted their price target on shares of Dover from $219.00 to $234.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $213.92.

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.

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