Dover Corporation (NYSE:DOV) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 1,952.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,436 shares of the industrial products company's stock after acquiring an additional 26,099 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Dover were worth $4,865,000 at the end of the most recent quarter.

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

Dover Trading Down 0.0%

NYSE DOV traded down $0.09 during mid-day trading on Friday, reaching $186.55. 1,579,882 shares of the stock were exchanged, compared to its average volume of 1,078,183. The stock has a market capitalization of $25.58 billion, a PE ratio of 11.25, a PEG ratio of 1.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31. The business's fifty day simple moving average is $182.63 and its 200 day simple moving average is $183.16.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.05. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 18.77% and a net margin of 29.29%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.36 EPS. On average, research analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, May 30th. Dover's payout ratio is 12.42%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Robert W. Baird raised their price objective on Dover from $219.00 to $234.00 and gave the company an "outperform" rating in a research note on Friday. Mizuho raised their price target on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. Morgan Stanley assumed coverage on shares of Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price objective on the stock. Barclays raised their target price on shares of Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Wells Fargo & Company upped their price target on shares of Dover from $190.00 to $195.00 and gave the company an "equal weight" rating in a report on Friday. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Dover currently has a consensus rating of "Moderate Buy" and an average target price of $213.42.

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.