Schroder Investment Management Group Buys 24,312 Shares of Dover Corporation $DOV

Schroder Investment Management Group lifted its position in Dover Corporation (NYSE:DOV) by 17.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 162,571 shares of the industrial products company’s stock after purchasing an additional 24,312 shares during the period. Schroder Investment Management Group owned about 0.12% of Dover worth $29,788,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Dover by 49.9% during the first quarter. Arkadios Wealth Advisors now owns 2,281 shares of the industrial products company’s stock valued at $401,000 after buying an additional 759 shares during the period. Scotia Capital Inc. lifted its stake in Dover by 9.5% in the first quarter. Scotia Capital Inc. now owns 23,131 shares of the industrial products company’s stock worth $4,064,000 after acquiring an additional 2,000 shares during the period. Delta Financial Group Inc. purchased a new stake in Dover in the first quarter worth $200,000. Finally, Raiffeisen Bank International AG increased its position in Dover by 4.3% during the 1st quarter. Raiffeisen Bank International AG now owns 8,962 shares of the industrial products company’s stock valued at $1,565,000 after purchasing an additional 369 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on DOV shares. JPMorgan Chase & Co. raised their target price on shares of Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley upped their target price on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group set a $200.00 price objective on Dover in a report on Friday, October 24th. Finally, Oppenheimer boosted their target price on shares of Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.27.

Dover Stock Down 0.2%

Shares of Dover stock opened at $184.96 on Tuesday. The company has a 50-day simple moving average of $174.66 and a two-hundred day simple moving average of $178.32. The stock has a market capitalization of $25.37 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04.

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

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. Dover’s payout ratio is 12.79%.

Insider Transactions at Dover

In other news, CFO Christopher B. Woenker sold 1,627 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $186.04, for a total transaction of $302,687.08. Following the sale, the chief financial officer owned 2,553 shares of the company’s stock, valued at $474,960.12. This trade represents a 38.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

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.