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

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Dover Corporation (NYSE:DOV) by 8.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 147,033 shares of the industrial products company’s stock after purchasing an additional 11,659 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Dover were worth $24,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AdvisorShares Investments LLC purchased a new position in Dover during the second quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of Dover by 122.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 93 shares during the last quarter. Caldwell Trust Co purchased a new position in shares of Dover during the 2nd quarter worth $31,000. Harbour Investments Inc. boosted its position 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 valued at $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of Dover in the second quarter valued at about $33,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DOV shares. UBS Group set a $256.00 target price on shares of Dover and gave the company a “buy” rating in a report on Sunday, January 4th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research report on Monday, January 12th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $199.00 price objective on shares of Dover in a research report on Thursday, January 15th. Robert W. Baird set a $235.00 target price on Dover in a research report on Friday, October 24th. Finally, Barclays increased their price target on Dover from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.09.

Insider Activity

In other Dover news, CFO Christopher B. Woenker sold 1,627 shares of the stock in a transaction that occurred on 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 directly owned 2,553 shares in the company, valued at $474,960.12. This represents a 38.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ivonne M. Cabrera sold 2,630 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total transaction of $501,804.00. Following the completion of the transaction, the senior vice president directly owned 72,968 shares of the company’s stock, valued at $13,922,294.40. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is currently owned by corporate insiders.

Dover Stock Up 0.4%

NYSE:DOV opened at $209.40 on Friday. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The stock’s fifty day moving average is $195.20 and its two-hundred day moving average is $183.29. The stock has a market capitalization of $28.72 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. The company has a quick ratio of 1.44, a current ratio of 2.04 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.12. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the business earned $2.27 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio is 12.79%.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.