Northwestern Mutual Investment Management Company LLC boosted its position in shares of Dover Corp. (NYSE:DOV) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 5,919 shares of the company’s stock after buying an additional 1 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Dover Corp. were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DOV. FDO Partners LLC raised its position in shares of Dover Corp. by 7.2% in the first quarter. FDO Partners LLC now owns 7,280 shares of the company’s stock worth $468,000 after buying an additional 492 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Dover Corp. by 0.4% in the first quarter. Prudential Financial Inc. now owns 217,305 shares of the company’s stock worth $13,979,000 after buying an additional 900 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Dover Corp. by 20.8% in the first quarter. Teachers Advisors Inc. now owns 257,778 shares of the company’s stock worth $16,583,000 after buying an additional 44,337 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Dover Corp. by 23.7% in the first quarter. TIAA CREF Investment Management LLC now owns 1,002,330 shares of the company’s stock worth $64,480,000 after buying an additional 192,213 shares during the last quarter. Finally, Dubuque Bank & Trust Co. raised its position in shares of Dover Corp. by 1,302.8% in the first quarter. Dubuque Bank & Trust Co. now owns 2,034 shares of the company’s stock worth $131,000 after buying an additional 1,889 shares during the last quarter. Institutional investors own 85.59% of the company’s stock.

Shares of Dover Corp. (NYSE:DOV) opened at 70.54 on Thursday. The firm has a market capitalization of $10.95 billion, a P/E ratio of 20.29 and a beta of 1.37. Dover Corp. has a 12 month low of $50.91 and a 12 month high of $74.90. The company’s 50 day moving average price is $72.13 and its 200-day moving average price is $68.43.

Dover Corp. (NYSE:DOV) last posted its earnings results on Thursday, July 21st. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.09. Dover Corp. had a net margin of 8.03% and a return on equity of 14.27%. The company earned $1.69 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $0.98 EPS. Dover Corp.’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts predict that Dover Corp. will post $3.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Monday, August 29th. This is a positive change from Dover Corp.’s previous quarterly dividend of $0.42. Dover Corp.’s dividend payout ratio (DPR) is 50.29%.

A number of brokerages have weighed in on DOV. Barclays PLC raised their price objective on Dover Corp. from $65.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, July 18th. Sanford C. Bernstein upgraded Dover Corp. from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $75.00 to $87.00 in a report on Friday, June 10th. Citigroup Inc. raised their price objective on Dover Corp. from $70.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, June 8th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Dover Corp. in a report on Wednesday, June 8th. Finally, Robert W. Baird upgraded Dover Corp. from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $66.00 to $86.00 in a report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $71.00.

In other Dover Corp. news, VP C. Anderson Fincher sold 1,420 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $73.42, for a total transaction of $104,256.40. Following the completion of the sale, the vice president now owns 40,326 shares in the company, valued at approximately $2,960,734.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP William Spurgeon sold 17,170 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $71.65, for a total value of $1,230,230.50. Following the sale, the vice president now owns 59,163 shares of the company’s stock, valued at approximately $4,239,028.95. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

About Dover Corp.

Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for production and processing of fuels across the world.

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