National Pension Service Has $43.10 Million Holdings in Dover Corporation $DOV

National Pension Service boosted its position in shares of Dover Corporation (NYSE:DOV) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,206 shares of the industrial products company’s stock after purchasing an additional 1,534 shares during the period. National Pension Service’s holdings in Dover were worth $43,097,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Dover by 0.7% during the first quarter. Vanguard Group Inc. now owns 16,342,135 shares of the industrial products company’s stock worth $2,870,986,000 after buying an additional 106,679 shares during the period. Nuveen LLC bought a new stake in Dover in the 1st quarter valued at approximately $526,081,000. Invesco Ltd. boosted its position in 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 acquiring an additional 93,483 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 acquiring an additional 19,387 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Dover by 11.5% during the 2nd quarter. ProShare Advisors LLC now owns 975,551 shares of the industrial products company’s stock worth $178,750,000 after acquiring an additional 100,849 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DOV shares. Royal Bank Of Canada increased 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, October 24th. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Robert W. Baird set a $235.00 price objective on Dover in a report on Friday, October 24th. UBS Group set a $200.00 target price on Dover in a research report on Friday, October 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Dover in a research note on Thursday. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.27.

Dover Price Performance

Shares of NYSE DOV opened at $183.07 on Friday. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35. The firm has a market cap of $25.11 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The business’s 50 day moving average is $172.59 and its 200-day moving average is $177.75.

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

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date is Friday, November 28th. Dover’s dividend payout ratio is presently 12.79%.

Dover 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.