Skandinaviska Enskilda Banken AB publ Has $6.92 Million Holdings in Dover Corporation $DOV

Skandinaviska Enskilda Banken AB publ grew its position in Dover Corporation (NYSE:DOV) by 31.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 41,460 shares of the industrial products company’s stock after purchasing an additional 9,874 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Dover were worth $6,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after buying an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dover by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after acquiring an additional 676 shares during the last quarter. Empowered Funds LLC raised its position in Dover by 11.8% in the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after buying an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Dover during the second quarter valued at about $488,000. Finally, Harbour Investments Inc. boosted its stake in shares of Dover by 51.7% in the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Insider Activity at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the transaction, the senior vice president owned 72,188 shares of the company’s stock, valued at $16,836,407.24. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Christopher B. Woenker sold 1,627 shares of Dover stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the completion of the sale, the chief financial officer owned 2,553 shares in the company, valued at approximately $474,960.12. This represents a 38.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,757 shares of company stock worth $2,083,566 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DOV. The Goldman Sachs Group restated a “buy” rating and set a $224.00 price target on shares of Dover in a research note on Saturday, January 31st. Weiss Ratings cut shares of Dover from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday. Oppenheimer raised their price target on Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, January 26th. UBS Group set a $256.00 price objective on shares of Dover and gave the stock a “buy” rating in a research report on Sunday, January 4th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a research report on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $224.00.

Dover Price Performance

Shares of Dover stock opened at $232.12 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28. Dover Corporation has a one year low of $143.04 and a one year high of $237.54. The business’s 50 day simple moving average is $208.34 and its two-hundred day simple moving average is $187.85. The stock has a market capitalization of $31.31 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 1.78 and a beta of 1.29.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the business earned $2.20 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Analysts forecast that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Dover’s dividend payout ratio (DPR) is presently 26.20%.

Dover Company Profile

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.