Robeco Institutional Asset Management B.V. Grows Stake in Dover Corporation (NYSE:DOV)

Robeco Institutional Asset Management B.V. raised its stake in Dover Corporation (NYSE:DOV - Free Report) by 93.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,906 shares of the industrial products company's stock after acquiring an additional 11,049 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Dover were worth $4,024,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DOV. Ecofi Investissements SA raised its stake in Dover by 1.1% in the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after purchasing an additional 50 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of 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 grew its stake in shares of Dover by 1.4% during the fourth quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock worth $923,000 after buying an additional 69 shares during the last quarter. Colonial Trust Co SC boosted its holdings 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 in the last quarter. Finally, Premier Path Wealth Partners LLC grew its position in 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 during the last quarter. Institutional investors own 84.46% of the company's stock.

Dover Price Performance

NYSE DOV traded up $2.94 during trading hours on Tuesday, hitting $186.17. The company had a trading volume of 912,501 shares, compared to its average volume of 1,055,489. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 1.76 and a beta of 1.27. The firm has a 50 day simple moving average of $177.40 and a 200 day simple moving average of $183.29.

Dover (NYSE:DOV - Get Free Report) last announced its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.06. Dover had a net margin of 28.85% and a return on equity of 19.54%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $1.95 earnings per share. Dover's revenue for the quarter was down .9% on a year-over-year basis. Equities 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. Stockholders of record on Friday, May 30th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.11%. Dover's dividend payout ratio (DPR) is 12.41%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DOV shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $176.00 price target on shares of Dover in a research note on Friday, April 25th. Wells Fargo & Company boosted their price objective on Dover from $180.00 to $190.00 and gave the stock an "equal weight" rating in a report on Tuesday. Morgan Stanley started 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 for the company. Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Robert W. Baird decreased their price target on shares of Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. 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 MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.50.

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.