Dover Corporation $DOV Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Dover Corporation (NYSE:DOV) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,033 shares of the industrial products company’s stock after purchasing an additional 11,659 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Dover worth $24,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DOV. AdvisorShares Investments LLC acquired a new stake in Dover during the 2nd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Dover by 122.4% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 93 shares during the last quarter. Caldwell Trust Co acquired a new position in Dover during the second quarter valued at $31,000. Harbour Investments Inc. boosted its holdings in Dover by 51.7% in the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Dover during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DOV shares. JPMorgan Chase & Co. boosted their price objective on Dover from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Oppenheimer boosted their price target on Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $199.00 price objective on shares of Dover in a research note on Thursday, January 15th. Barclays lifted their target price on shares of Dover from $195.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, UBS Group set a $256.00 price target on shares of Dover and gave the stock a “buy” rating in a report on Sunday, January 4th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $218.09.

Insider Activity

In other Dover news, CFO Christopher B. Woenker sold 1,627 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $186.04, for a total transaction of $302,687.08. Following the completion of the transaction, the chief financial officer owned 2,553 shares of the company’s stock, valued at $474,960.12. This represents a 38.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total value of $501,804.00. Following the completion of the sale, the senior vice president directly owned 72,968 shares in the company, valued at $13,922,294.40. This represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company’s stock.

Dover Trading Up 0.4%

Shares of NYSE:DOV opened at $209.40 on Friday. The business’s 50 day moving average price is $195.20 and its 200-day moving average price is $183.29. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. 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 (NYSE:DOV) last posted its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.12. Dover had a net margin of 28.37% and a return on equity of 17.62%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, November 28th. Dover’s dividend payout ratio is 12.79%.

Dover Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.