Dover Corporation $DOV Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its position in Dover Corporation (NYSE:DOV) by 10.3% in the 2nd quarter, Holdings Channel reports. The fund owned 4,972 shares of the industrial products company’s stock after selling 571 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Dover were worth $911,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. North Capital Inc. acquired a new stake in Dover in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dover during the first quarter worth approximately $31,000. Harbour Investments Inc. grew its position in shares of Dover by 51.7% during the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after buying an additional 60 shares in the last quarter. Truvestments Capital LLC grew its position in shares of Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after buying an additional 171 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. acquired a new stake in shares of Dover during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Dover stock opened at $177.64 on Monday. The company has a market cap of $24.36 billion, a PE ratio of 10.92, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a fifty day moving average price of $172.13 and a two-hundred day moving average price of $176.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. The firm had revenue of $1.78 billion during the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. Research analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.52 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. Dover’s dividend payout ratio (DPR) is 12.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Citigroup reissued a “buy” rating and set a $226.00 price target (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group set a $200.00 price target on shares of Dover in a research report on Friday. Finally, Weiss Ratings downgraded shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.00.

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.