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

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Dover Corporation (NYSE:DOV) by 18.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,374 shares of the industrial products company’s stock after buying an additional 20,764 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Dover were worth $24,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AdvisorShares Investments LLC purchased a new stake in Dover during the 2nd quarter worth about $30,000. N.E.W. Advisory Services LLC purchased a new position in Dover in the 1st quarter valued at about $31,000. Harbour Investments Inc. boosted its stake in shares of Dover by 51.7% during the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after buying an additional 171 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of Dover during the second quarter worth about $33,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Down 1.6%

Shares of NYSE DOV opened at $180.27 on Tuesday. The stock has a market capitalization of $24.72 billion, a PE ratio of 11.09, a P/E/G ratio of 1.40 and a beta of 1.29. The company has a quick ratio of 1.44, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $172.63 and a 200-day moving average of $177.93. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31.

Dover (NYSE:DOV) last issued its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The business had revenue of $1.78 billion for the quarter. On average, analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. Dover’s payout ratio is 12.79%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DOV. Robert W. Baird set a $235.00 target price on shares of Dover in a research report on Friday, October 24th. Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group set a $200.00 price objective on Dover in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their price objective on Dover from $217.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Barclays increased their target price on Dover from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.27.

Dover Company Profile

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.