Northwestern Mutual Investment Management Company LLC reduced its stake in Dover Corporation (NYSE:DOV) by 81.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,919 shares of the industrial products company’s stock after selling 25,514 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Dover Corporation were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DOV. Strs Ohio boosted its stake in shares of Dover Corporation by 1.5% in the 1st quarter. Strs Ohio now owns 9,586 shares of the industrial products company’s stock valued at $770,000 after purchasing an additional 146 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Dover Corporation by 97.3% in the 1st quarter. Russell Investments Group Ltd. now owns 142,320 shares of the industrial products company’s stock valued at $11,438,000 after purchasing an additional 70,174 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Dover Corporation by 6.6% in the 1st quarter. American Century Companies Inc. now owns 160,938 shares of the industrial products company’s stock valued at $12,931,000 after purchasing an additional 9,981 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Dover Corporation by 7.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 464,430 shares of the industrial products company’s stock valued at $37,317,000 after purchasing an additional 30,294 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Dover Corporation by 76.5% in the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the industrial products company’s stock valued at $2,411,000 after purchasing an additional 13,000 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

Dover Corporation (DOV) opened at 89.81 on Friday. Dover Corporation has a 12 month low of $65.50 and a 12 month high of $90.35. The firm has a market cap of $13.99 billion, a P/E ratio of 22.45 and a beta of 1.26. The stock has a 50 day moving average of $85.69 and a 200-day moving average of $82.03.

Dover Corporation (NYSE:DOV) last released its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.94 billion. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Equities research analysts predict that Dover Corporation will post $4.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Tuesday, August 29th. This is a positive change from Dover Corporation’s previous quarterly dividend of $0.44. Dover Corporation’s dividend payout ratio is 47.12%.

DOV has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Bank of America Corporation lifted their target price on shares of Dover Corporation from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Seaport Global Securities reiterated a “buy” rating on shares of Dover Corporation in a research report on Monday, June 5th. Zacks Investment Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Robert W. Baird set a $91.00 target price on shares of Dover Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.42.

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In other news, Director Michael B. Stubbs sold 25,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the completion of the sale, the director now owns 275,344 shares of the company’s stock, valued at $23,965,941.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

About Dover Corporation

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

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Institutional Ownership by Quarter for Dover Corporation (NYSE:DOV)

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