AG2R LA Mondiale Gestion D Actifs Acquires 386 Shares of Dover Corporation $DOV

AG2R LA Mondiale Gestion D Actifs boosted its holdings in Dover Corporation (NYSE:DOV) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,745 shares of the industrial products company’s stock after purchasing an additional 386 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Dover were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOV. Vanguard Group Inc. increased its position in shares of Dover by 0.7% in the first quarter. Vanguard Group Inc. now owns 16,342,135 shares of the industrial products company’s stock valued at $2,870,986,000 after acquiring an additional 106,679 shares during the last quarter. Nuveen LLC bought a new position in Dover in the first quarter valued at approximately $526,081,000. Invesco Ltd. increased its position in shares of Dover by 7.9% during the 1st quarter. Invesco Ltd. now owns 1,272,690 shares of the industrial products company’s stock worth $223,586,000 after purchasing an additional 93,483 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Dover by 2.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 983,375 shares of the industrial products company’s stock worth $172,759,000 after purchasing an additional 19,387 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Dover by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 840,621 shares of the industrial products company’s stock valued at $147,680,000 after buying an additional 12,518 shares during the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Stock Down 2.0%

Shares of DOV opened at $177.64 on Friday. The firm has a market cap of $24.36 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The firm’s 50-day simple moving average is $172.13 and its 200 day simple moving average is $176.03.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.91%. The firm had revenue of $1.78 billion during the quarter. On average, analysts forecast that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.52 dividend. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 1.2%. Dover’s dividend payout ratio is presently 12.55%.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a report on Friday. Weiss Ratings lowered shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Oppenheimer dropped their target price on shares of Dover from $225.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. UBS Group set a $200.00 price target on Dover in a report on Friday. Finally, Robert W. Baird set a $235.00 price objective on Dover in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.