Natixis Advisors LLC Decreases Stock Holdings in Dover Corporation $DOV

Natixis Advisors LLC lowered its stake in Dover Corporation (NYSE:DOV) by 11.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 82,101 shares of the industrial products company’s stock after selling 10,787 shares during the quarter. Natixis Advisors LLC owned 0.06% of Dover worth $13,697,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Dover in the third quarter valued at about $221,000. Neo Ivy Capital Management purchased a new position in Dover in the 3rd quarter valued at about $1,501,000. Aptus Capital Advisors LLC lifted its stake in Dover by 12.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,493 shares of the industrial products company’s stock valued at $249,000 after buying an additional 163 shares in the last quarter. IFG Advisory LLC boosted its holdings in Dover by 4.4% in the 3rd quarter. IFG Advisory LLC now owns 1,815 shares of the industrial products company’s stock worth $303,000 after buying an additional 77 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Dover by 7.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,551,013 shares of the industrial products company’s stock worth $258,750,000 after buying an additional 112,981 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dover news, CEO Richard J. Tobin sold 76,997 shares of Dover stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the transaction, the chief executive officer directly owned 217,979 shares of the company’s stock, valued at $50,723,713.30. The trade was a 26.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Girish Juneja sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the transaction, the vice president owned 8,422 shares in the company, valued at $1,943,544.94. The trade was a 15.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 82,497 shares of company stock worth $19,196,277. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Dover from $205.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. boosted their price target on Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. UBS Group set a $256.00 price objective on Dover and gave the company a “buy” rating in a report on Sunday, January 4th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings upgraded shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Dover Stock Performance

Shares of Dover stock opened at $203.69 on Friday. The business’s 50 day moving average price is $214.95 and its 200 day moving average price is $192.29. The company has a market cap of $27.47 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. Dover Corporation has a one year low of $143.04 and a one year high of $237.54.

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, beating the consensus estimate of $2.48 by $0.03. Dover had a return on equity of 17.87% and a net margin of 13.52%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the business earned $2.20 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. On average, research analysts predict that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 27th. 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.