IFM Investors Pty Ltd Has $5.26 Million Holdings in Dover Co. (NYSE:DOV)

IFM Investors Pty Ltd decreased its holdings in Dover Co. (NYSE:DOV) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,456 shares of the industrial products company’s stock after selling 665 shares during the quarter. IFM Investors Pty Ltd’s holdings in Dover were worth $5,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DOV. Price T Rowe Associates Inc. MD increased its holdings in shares of Dover by 153.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock valued at $466,622,000 after purchasing an additional 1,595,611 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dover by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock valued at $271,702,000 after buying an additional 60,912 shares during the period. American Century Companies Inc. raised its position in shares of Dover by 162.2% during the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock worth $124,195,000 after acquiring an additional 425,768 shares during the last quarter. Interval Partners LP lifted its stake in shares of Dover by 110.0% during the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock valued at $105,216,000 after acquiring an additional 305,436 shares during the period. Finally, Earnest Partners LLC boosted its holdings in Dover by 31.5% in the first quarter. Earnest Partners LLC now owns 397,145 shares of the industrial products company’s stock valued at $70,370,000 after acquiring an additional 95,056 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of research reports. Wolfe Research upgraded shares of Dover to a “hold” rating in a research report on Friday, September 20th. Royal Bank of Canada raised their price objective on shares of Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Oppenheimer reiterated an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Barclays raised their price target on Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their price objective on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.00.

Dover Stock Performance

DOV stock opened at $186.98 on Friday. Dover Co. has a 1-year low of $127.25 and a 1-year high of $195.68. The company has a current ratio of 1.53, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market cap of $25.70 billion, a PE ratio of 17.96, a P/E/G ratio of 2.20 and a beta of 1.22. The business’s 50-day moving average price is $186.80 and its two-hundred day moving average price is $182.22.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.11. Dover had a return on equity of 24.94% and a net margin of 17.58%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. As a group, research analysts forecast that Dover Co. will post 9.18 earnings per share for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.10%. This is a positive change from Dover’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, August 30th. Dover’s dividend payout ratio (DPR) is presently 19.79%.

Insider Activity at Dover

In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now owns 182,928 shares in the company, valued at approximately $33,285,578.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now owns 182,928 shares of the company’s stock, valued at $33,285,578.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares in the company, valued at $2,156,700. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,383 shares of company stock valued at $8,169,883. 1.30% of the stock is owned by corporate insiders.

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.