Neuberger Berman Group LLC Has $44.15 Million Stake in Dover Corp (NYSE:DOV)

Neuberger Berman Group LLC reduced its position in Dover Corp (NYSE:DOV) by 39.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 483,089 shares of the industrial products company’s stock after selling 308,918 shares during the period. Neuberger Berman Group LLC owned 0.31% of Dover worth $44,150,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Dover by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,962,208 shares of the industrial products company’s stock valued at $398,069,000 after purchasing an additional 511,469 shares during the last quarter. Geneva Advisors LLC lifted its holdings in shares of Dover by 25.3% in the 2nd quarter. Geneva Advisors LLC now owns 5,763 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 1,162 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Dover by 21.7% in the 3rd quarter. Victory Capital Management Inc. now owns 25,466 shares of the industrial products company’s stock valued at $2,327,000 after purchasing an additional 4,534 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Dover in the 3rd quarter valued at about $22,066,000. Finally, Nuance Investments LLC lifted its holdings in shares of Dover by 9.5% in the 2nd quarter. Nuance Investments LLC now owns 38,146 shares of the industrial products company’s stock valued at $3,060,000 after purchasing an additional 3,310 shares during the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on DOV. Royal Bank of Canada reissued a “hold” rating and issued a $100.00 target price on shares of Dover in a report on Thursday, January 4th. ValuEngine downgraded Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 target price on shares of Dover in a report on Thursday, December 14th. Zacks Investment Research downgraded Dover from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $96.00 price objective on shares of Dover in a research note on Monday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Dover has a consensus rating of “Hold” and a consensus target price of $96.50.

In other news, VP Paul Goldberg sold 2,430 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $93.50, for a total transaction of $227,205.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William T. Bosway sold 6,087 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the transaction, the vice president now directly owns 21,877 shares of the company’s stock, valued at $2,070,876.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,276 shares of company stock valued at $6,234,042. Company insiders own 2.50% of the company’s stock.

Dover Corp (NYSE DOV) traded up $0.81 on Thursday, reaching $103.51. The company’s stock had a trading volume of 762,773 shares, compared to its average volume of 892,734. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. The stock has a market cap of $16,070.00, a P/E ratio of 24.07, a PEG ratio of 1.75 and a beta of 1.29. Dover Corp has a 12-month low of $75.51 and a 12-month high of $104.20.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.05. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. Dover had a return on equity of 14.10% and a net margin of 8.91%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. analysts predict that Dover Corp will post 3.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Wednesday, November 29th. Dover’s dividend payout ratio (DPR) is 43.72%.

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About Dover

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

Institutional Ownership by Quarter for Dover (NYSE:DOV)

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