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Robeco Institutional Asset Management B.V. Has $2.10 Million Stake in Dover Corporation $DOV

Dover logo with Industrials background

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Dover Corporation (NYSE:DOV - Free Report) by 50.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,442 shares of the industrial products company's stock after selling 11,464 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Dover were worth $2,097,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DOV. Nuveen LLC acquired a new position in shares of Dover in the first quarter valued at approximately $526,081,000. Assenagon Asset Management S.A. increased its stake in shares of Dover by 350.8% in the first quarter. Assenagon Asset Management S.A. now owns 410,350 shares of the industrial products company's stock valued at $72,090,000 after buying an additional 319,319 shares during the period. Hsbc Holdings PLC increased its stake in shares of Dover by 77.9% in the first quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company's stock valued at $107,677,000 after buying an additional 268,931 shares during the period. Strs Ohio acquired a new position in shares of Dover in the first quarter valued at approximately $40,148,000. Finally, Auto Owners Insurance Co increased its stake in shares of Dover by 4,768.6% in the first quarter. Auto Owners Insurance Co now owns 189,877 shares of the industrial products company's stock valued at $33,358,000 after buying an additional 185,977 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DOV shares. Royal Bank Of Canada upped their price objective on Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their target price on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Dover in a report on Saturday, September 27th. Citigroup reiterated a "buy" rating and issued a $226.00 target price (up from $202.00) on shares of Dover in a report on Monday, July 14th. Finally, Barclays reduced their target price on Dover from $193.00 to $190.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $212.42.

Check Out Our Latest Analysis on DOV

Dover Price Performance

Shares of DOV opened at $164.75 on Wednesday. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31. The business's fifty day moving average is $174.71 and its 200 day moving average is $176.25. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The stock has a market cap of $22.59 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.33 and a beta of 1.26.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.05. Dover had a return on equity of 18.19% and a net margin of 29.29%.The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the business earned $2.36 EPS. Dover's quarterly revenue was up 5.2% compared to the same quarter last year. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. Sell-side analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is currently 12.55%.

About Dover

(Free Report)

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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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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