Robeco Institutional Asset Management B.V. Has $3.13 Million Stake in Dover Co. (NYSE:DOV)

Robeco Institutional Asset Management B.V. increased its position in shares of Dover Co. (NYSE:DOV - Free Report) by 89.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,346 shares of the industrial products company's stock after purchasing an additional 7,704 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Dover were worth $3,134,000 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 DOV. Price T Rowe Associates Inc. MD raised its position in shares of Dover by 153.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company's stock valued at $466,622,000 after buying an additional 1,595,611 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Dover by 162.2% during the 2nd quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company's stock valued at $124,195,000 after acquiring an additional 425,768 shares during the period. Interval Partners LP grew its holdings in shares of Dover by 110.0% during the 2nd quarter. Interval Partners LP now owns 583,075 shares of the industrial products company's stock worth $105,216,000 after purchasing an additional 305,436 shares in the last quarter. Kimelman & Baird LLC bought a new position in shares of Dover in the second quarter worth $17,323,000. Finally, Earnest Partners LLC lifted its position in Dover by 31.5% during the first quarter. Earnest Partners LLC now owns 397,145 shares of the industrial products company's stock worth $70,370,000 after purchasing an additional 95,056 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dover

In other news, CEO Richard J. Tobin sold 25,004 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now directly owns 182,928 shares in the company, valued at $33,285,578.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares in the company, valued at $2,156,700. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the transaction, the chief executive officer now directly owns 182,928 shares in the company, valued at approximately $33,285,578.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,042 shares of company stock worth $7,368,578. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Dover from $192.00 to $193.00 and gave the company a "sector perform" rating in a research report on Friday, July 26th. Oppenheimer restated an "outperform" rating and set a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Mizuho raised their target price on Dover from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Barclays boosted their price target on Dover from $186.00 to $190.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Finally, Robert W. Baird reaffirmed an "outperform" rating and issued a $208.00 price objective on shares of Dover in a research note on Monday, July 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $207.44.

Dover Trading Down 0.1 %

Shares of DOV stock traded down $0.26 during mid-day trading on Friday, reaching $201.50. 993,284 shares of the stock traded hands, compared to its average volume of 1,028,590. The company has a market cap of $27.64 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The stock's fifty day simple moving average is $189.11 and its two-hundred day simple moving average is $183.93. Dover Co. has a 1-year low of $130.07 and a 1-year high of $204.05.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, November 29th. Dover's dividend payout ratio (DPR) is currently 18.43%.

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.