Achmea Investment Management B.V. Purchases 6,410 Shares of Dover Corporation (NYSE:DOV)

Achmea Investment Management B.V. raised its stake in shares of Dover Corporation (NYSE:DOV - Free Report) by 40.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,064 shares of the industrial products company's stock after buying an additional 6,410 shares during the quarter. Achmea Investment Management B.V.'s holdings in Dover were worth $3,876,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DOV. Brighton Jones LLC raised its stake in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after purchasing an additional 1,128 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Dover by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 54,500 shares of the industrial products company's stock worth $10,224,000 after purchasing an additional 900 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Dover by 28.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 23,831 shares of the industrial products company's stock valued at $4,471,000 after acquiring an additional 5,289 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Dover during the fourth quarter valued at $28,718,000. Finally, Mutual of America Capital Management LLC increased its position in Dover by 1.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 44,312 shares of the industrial products company's stock valued at $8,313,000 after acquiring an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Trading Up 0.1%

Shares of NYSE:DOV traded up $0.13 during trading on Friday, hitting $183.17. The company had a trading volume of 1,179,623 shares, compared to its average volume of 954,714. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. Dover Corporation has a one year low of $143.04 and a one year high of $222.31. The company has a fifty day simple moving average of $176.89 and a two-hundred day simple moving average of $183.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.56.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $0.06. Dover had a return on equity of 19.54% and a net margin of 28.85%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $1.95 EPS. Dover's quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts forecast that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, May 30th. Dover's dividend payout ratio is currently 12.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DOV shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $176.00 price objective on shares of Dover in a research report on Friday, April 25th. Morgan Stanley assumed coverage on Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective for the company. Barclays boosted their price target on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Mizuho boosted their price target on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Finally, Citigroup cut their price target on Dover from $244.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $208.58.

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.