Boston Partners Sells 124,562 Shares of Dover Co. (NYSE:DOV)

Boston Partners reduced its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,542,684 shares of the industrial products company's stock after selling 124,562 shares during the quarter. Dover makes up about 0.7% of Boston Partners' portfolio, making the stock its 28th biggest holding. Boston Partners owned 2.53% of Dover worth $544,589,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Forum Financial Management LP acquired a new position in shares of Dover in the fourth quarter valued at $303,000. Dimensional Fund Advisors LP grew its stake in Dover by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,428,878 shares of the industrial products company's stock valued at $219,778,000 after buying an additional 140,089 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Dover by 1.6% in the 4th quarter. QRG Capital Management Inc. now owns 27,483 shares of the industrial products company's stock valued at $4,227,000 after acquiring an additional 426 shares during the period. Jump Financial LLC boosted its holdings in shares of Dover by 178.6% during the fourth quarter. Jump Financial LLC now owns 9,854 shares of the industrial products company's stock worth $1,516,000 after acquiring an additional 6,317 shares during the period. Finally, NBC Securities Inc. increased its stake in shares of Dover by 16.9% during the fourth quarter. NBC Securities Inc. now owns 3,505 shares of the industrial products company's stock worth $539,000 after purchasing an additional 507 shares during the period. Institutional investors own 84.46% of the company's stock.

Insider Activity at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now directly owns 23,909 shares of the company's stock, valued at $3,897,406.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now directly owns 23,909 shares of the company's stock, valued at $3,897,406.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brad M. Cerepak sold 6,000 shares of Dover stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the sale, the chief financial officer now directly owns 17,909 shares in the company, valued at $3,164,699.39. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Dover Price Performance

Shares of NYSE DOV traded up $0.60 during mid-day trading on Friday, reaching $185.55. The company had a trading volume of 837,686 shares, compared to its average volume of 1,109,429. The business's 50-day simple moving average is $175.28 and its 200 day simple moving average is $157.64. The firm has a market cap of $25.50 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 1.31. Dover Co. has a one year low of $127.25 and a one year high of $186.21.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 25.04% and a net margin of 17.28%. Dover's revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. On average, research analysts predict that Dover Co. will post 9.1 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, May 30th. Dover's dividend payout ratio (DPR) is presently 19.60%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup upped their price objective on Dover from $180.00 to $205.00 and gave the company a "buy" rating in a report on Monday, April 8th. Oppenheimer increased their price objective on Dover from $187.00 to $197.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. StockNews.com upgraded Dover from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. Barclays increased their price objective on Dover from $180.00 to $186.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Finally, Seaport Res Ptn upgraded Dover from a "neutral" rating to a "buy" rating in a research report on Monday, February 5th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $185.75.

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.