Candriam S.C.A. Has $8.68 Million Stock Holdings in Dover Corporation $DOV

Candriam S.C.A. reduced its position in shares of Dover Corporation (NYSE:DOV) by 12.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,387 shares of the industrial products company’s stock after selling 7,005 shares during the period. Candriam S.C.A.’s holdings in Dover were worth $8,683,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Dover by 3.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,711 shares of the industrial products company’s stock worth $3,795,000 after buying an additional 764 shares during the last quarter. Bailard Inc. bought a new position in shares of Dover in the second quarter worth about $261,000. Geode Capital Management LLC boosted its stake in shares of Dover by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,453,121 shares of the industrial products company’s stock valued at $629,996,000 after purchasing an additional 33,539 shares in the last quarter. Tobam grew its holdings in shares of Dover by 26.7% during the 2nd quarter. Tobam now owns 664 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 140 shares during the last quarter. Finally, Wealth Alliance LLC increased its position in Dover by 3.7% during the 2nd quarter. Wealth Alliance LLC now owns 3,704 shares of the industrial products company’s stock worth $679,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Dover stock opened at $183.07 on Friday. The stock’s 50 day moving average is $172.59 and its 200 day moving average is $177.75. Dover Corporation has a one year low of $143.04 and a one year high of $222.31. The firm has a market cap of $25.11 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44.

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

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.52 per share. 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 dividend payout ratio is 12.79%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DOV shares. Wells Fargo & Company boosted their target price on shares of Dover from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Robert W. Baird set a $235.00 price objective on Dover in a research report on Friday, October 24th. Oppenheimer increased their target price on Dover from $225.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.27.

Dover Company Profile

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.