Natixis Has $35.06 Million Stake in Dover Co. (NYSE:DOV)

Natixis decreased its position in shares of Dover Co. (NYSE:DOV) by 39.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 232,779 shares of the industrial products company’s stock after selling 152,146 shares during the period. Natixis’ holdings in Dover were worth $35,057,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Credit Agricole S A acquired a new stake in shares of Dover in the first quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Dover by 334.8% in the second quarter. Harvest Fund Management Co. Ltd now owns 287 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 221 shares in the last quarter. Clean Yield Group acquired a new stake in shares of Dover in the second quarter valued at approximately $50,000. Concord Wealth Partners increased its holdings in shares of Dover by 101.9% in the first quarter. Concord Wealth Partners now owns 416 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 210 shares in the last quarter. Finally, Pflug Koory LLC acquired a new stake in shares of Dover in the second quarter valued at approximately $64,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE DOV traded up $1.32 during midday trading on Thursday, reaching $158.41. 334 shares of the stock were exchanged, compared to its average volume of 741,789. Dover Co. has a 12 month low of $108.00 and a 12 month high of $176.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.09. The business has a 50-day simple moving average of $167.47 and a two-hundred day simple moving average of $156.24. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 2.01 and a beta of 1.39.

Dover (NYSE:DOV) last issued its quarterly earnings data on Monday, July 19th. The industrial products company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.22. Dover had a net margin of 11.84% and a return on equity of 29.42%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $1.13 earnings per share. The firm’s quarterly revenue was up 35.5% on a year-over-year basis. Equities research analysts expect that Dover Co. will post 7.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Tuesday, August 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Dover’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, August 30th. Dover’s dividend payout ratio (DPR) is presently 35.27%.

A number of brokerages have issued reports on DOV. Zacks Investment Research cut shares of Dover from a “buy” rating to a “hold” rating and set a $155.00 price objective on the stock. in a research note on Tuesday, June 22nd. Citigroup raised their price objective on shares of Dover from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, July 21st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Dover from $167.00 to $177.00 and gave the company a “hold” rating in a research note on Wednesday, July 21st. Robert W. Baird raised their price objective on shares of Dover from $162.00 to $176.00 and gave the company an “outperform” rating in a research note on Tuesday, July 20th. Finally, Wells Fargo & Company began coverage on shares of Dover in a research note on Thursday, October 7th. They issued an “underweight” rating and a $152.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $165.00.

Dover Company Profile

Dover Corp. engages in the manufacture of equipment, components, and specialty systems. The firm also provides supporting engineering, testing, and other similar services. It operates through the following segments: Engineered Products, Fueling Solutions, Imaging and Identification, Pumps and Process Solutions, and Refrigeration and Food Equipment.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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