Bronfman E.L. Rothschild L.P. cut its stake in Dover Corp (NYSE:DOV) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,155 shares of the industrial products company’s stock after selling 122 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Dover were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its position in Dover by 17.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 41,697 shares of the industrial products company’s stock valued at $3,691,000 after buying an additional 6,231 shares during the last quarter. Private Advisor Group LLC lifted its position in Dover by 94.8% in the third quarter. Private Advisor Group LLC now owns 7,497 shares of the industrial products company’s stock valued at $664,000 after buying an additional 3,649 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Dover by 10.2% in the third quarter. Commonwealth Equity Services LLC now owns 15,306 shares of the industrial products company’s stock valued at $1,355,000 after buying an additional 1,423 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Dover by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 509,309 shares of the industrial products company’s stock valued at $45,089,000 after buying an additional 5,272 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Dover by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 8,827,415 shares of the industrial products company’s stock valued at $781,489,000 after buying an additional 288,630 shares during the last quarter. 85.44% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DOV opened at $91.34 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.35 and a beta of 1.49. Dover Corp has a 1 year low of $65.83 and a 1 year high of $93.62.

Dover (NYSE:DOV) last issued its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.14. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.76 billion. Dover had a net margin of 7.84% and a return on equity of 24.90%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. Analysts anticipate that Dover Corp will post 5.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.10%. Dover’s dividend payout ratio (DPR) is presently 38.63%.

In related news, VP Anthony K. Kosinski sold 4,241 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $90.53, for a total transaction of $383,937.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Carrie L. Anderson sold 9,038 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $91.95, for a total transaction of $831,044.10. Following the sale, the vice president now owns 4,192 shares in the company, valued at $385,454.40. The disclosure for this sale can be found here. Insiders have sold 48,200 shares of company stock worth $4,277,800 over the last quarter. Insiders own 2.60% of the company’s stock.

A number of research analysts have commented on DOV shares. Zacks Investment Research cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Morgan Stanley cut shares of Dover from an “overweight” rating to an “equal” rating and decreased their target price for the company from $94.00 to $89.00 in a research report on Tuesday, December 18th. Wolfe Research raised shares of Dover from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Barclays decreased their target price on shares of Dover from $97.00 to $93.00 and set an “overweight” rating on the stock in a research report on Monday, December 17th. Finally, UBS Group raised shares of Dover from a “neutral” rating to a “buy” rating and set a $76.35 target price on the stock in a research report on Thursday, January 10th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Dover has an average rating of “Hold” and an average price target of $89.80.

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Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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