Dover Corporation (NYSE:DOV) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in Dover Corporation (NYSE:DOV - Free Report) by 21.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 133,802 shares of the industrial products company's stock after selling 35,821 shares during the period. Robeco Schweiz AG owned 0.10% of Dover worth $23,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Dover by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company's stock valued at $3,045,772,000 after buying an additional 57,453 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dover by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company's stock valued at $618,068,000 after buying an additional 74,541 shares during the last quarter. FMR LLC raised its holdings in shares of Dover by 1.1% in the fourth quarter. FMR LLC now owns 3,118,391 shares of the industrial products company's stock valued at $585,010,000 after buying an additional 32,565 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Dover by 31.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company's stock valued at $409,530,000 after buying an additional 524,092 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Dover by 16.6% in the fourth quarter. Northern Trust Corp now owns 1,726,523 shares of the industrial products company's stock valued at $323,896,000 after buying an additional 245,535 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DOV shares. Mizuho upped their target price on shares of Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Wells Fargo & Company boosted their price target on shares of Dover from $180.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Barclays boosted their price target on shares of Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, Citigroup dropped their price target on shares of Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dover has an average rating of "Moderate Buy" and an average target price of $206.50.

Dover Price Performance

DOV traded down $1.52 on Friday, hitting $189.00. 729,007 shares of the company were exchanged, compared to its average volume of 953,846. 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 business's fifty day moving average is $180.78 and its 200 day moving average is $183.12. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The firm has a market capitalization of $25.91 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26.

Dover (NYSE:DOV - Get Free Report) last issued 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. Dover had a net margin of 28.85% and a return on equity of 19.54%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The firm's revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.515 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.09%. Dover's dividend payout ratio is presently 12.41%.

Dover 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.