Mn Services Vermogensbeheer B.V. Has $8.89 Million Stake in Dover Corporation (NYSE:DOV)

Mn Services Vermogensbeheer B.V. lowered its holdings in Dover Corporation (NYSE:DOV - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,600 shares of the industrial products company's stock after selling 3,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Dover were worth $8,889,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Exchange Traded Concepts LLC boosted its stake in Dover by 23.2% in the first quarter. Exchange Traded Concepts LLC now owns 1,250 shares of the industrial products company's stock worth $220,000 after purchasing an additional 235 shares in the last quarter. Griffin Asset Management Inc. lifted its position in Dover by 8.3% during the 1st quarter. Griffin Asset Management Inc. now owns 53,275 shares of the industrial products company's stock worth $9,359,000 after buying an additional 4,070 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new position in Dover during the 1st quarter worth about $3,288,000. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Dover during the first quarter worth approximately $233,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Dover by 350.8% during the first quarter. Assenagon Asset Management S.A. now owns 410,350 shares of the industrial products company's stock worth $72,090,000 after purchasing an additional 319,319 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Trading Down 0.3%

NYSE:DOV traded down $0.53 during mid-day trading on Wednesday, hitting $175.55. The company had a trading volume of 1,090,709 shares, compared to its average volume of 954,947. The firm has a market cap of $24.07 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.69 and a beta of 1.27. The business's fifty day moving average is $174.25 and its two-hundred day moving average is $184.85. 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 fifty-two week low of $143.04 and a fifty-two week high of $222.31.

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

Dover Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, May 30th. Dover's payout ratio is presently 12.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DOV. Mizuho upped their target price on shares of Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. Robert W. Baird reduced their price objective on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price target on Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Citigroup cut their price target on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley assumed coverage on shares of Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.