Generali Asset Management SPA SGR Buys 341 Shares of Dover Corporation $DOV

Generali Asset Management SPA SGR boosted its stake in shares of Dover Corporation (NYSE:DOV) by 4.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,875 shares of the industrial products company’s stock after purchasing an additional 341 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Dover were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in DOV. Golden State Wealth Management LLC grew its stake in Dover by 707.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,986 shares of the industrial products company’s stock worth $349,000 after buying an additional 1,740 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Dover by 10.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,622 shares of the industrial products company’s stock worth $2,227,000 after buying an additional 1,160 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Dover by 45.4% during the 1st quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company’s stock worth $106,000 after buying an additional 187 shares during the last quarter. Heartland Bank & Trust Co purchased a new position in Dover during the 1st quarter worth $739,000. Finally, Hsbc Holdings PLC grew its stake in Dover by 77.9% during the 1st quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company’s stock worth $107,677,000 after buying an additional 268,931 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DOV. JPMorgan Chase & Co. boosted their target price on Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Dover in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price target on Dover from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Barclays dropped their price target on Dover from $193.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Finally, Robert W. Baird boosted their price target on Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.67.

Dover Stock Performance

Shares of DOV stock opened at $166.44 on Friday. The stock has a market cap of $22.82 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.26. The business has a 50-day simple moving average of $172.60 and a 200-day simple moving average of $175.37. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. The business had revenue of $1.78 billion during the quarter. Dover had a return on equity of 18.19% and a net margin of 29.29%. On average, equities analysts expect that Dover Corporation will post 9.45 EPS for the current year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is currently 12.55%.

About Dover

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.