Dover Co. (NYSE:DOV) Shares Purchased by Bill Few Associates Inc.

Bill Few Associates Inc. raised its stake in shares of Dover Co. (NYSE:DOV) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,325 shares of the industrial products company’s stock after buying an additional 80 shares during the period. Bill Few Associates Inc.’s holdings in Dover were worth $446,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in Dover during the 1st quarter valued at about $27,000. McClarren Financial Advisors Inc. increased its stake in Dover by 4,400.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after buying an additional 176 shares during the period. Fairscale Capital LLC bought a new position in shares of Dover during the 2nd quarter valued at about $34,000. Transcendent Capital Group LLC boosted its position in shares of Dover by 208.0% during the 1st quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 156 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Dover during the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Insider Activity at Dover

In related news, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 owns 182,928 shares of the company’s stock, valued at approximately $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 related news, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 owns 182,928 shares of the company’s stock, valued at approximately $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. Also, CFO Brad M. Cerepak sold 4,341 shares of Dover stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $184.59, for a total transaction of $801,305.19. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,274,887.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,383 shares of company stock valued at $8,169,883. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Dover to a “hold” rating in a research report on Friday, September 20th. Royal Bank of Canada raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. Robert W. Baird reiterated an “outperform” rating and issued a $208.00 target price on shares of Dover in a report on Monday, July 22nd. Finally, Barclays raised their target price on shares of Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus target price of $194.00.

Dover Stock Performance

DOV stock opened at $191.28 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.53. The stock has a market cap of $26.29 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.20 and a beta of 1.22. The firm has a 50 day simple moving average of $184.45 and a 200 day simple moving average of $181.37. Dover Co. has a 52 week low of $127.25 and a 52 week high of $194.75.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.21 by $0.15. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. Research analysts anticipate that Dover Co. will post 9.18 earnings per share for the current fiscal year.

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, August 30th. This is a positive change from Dover’s previous quarterly dividend of $0.51. Dover’s dividend payout ratio (DPR) is presently 19.79%.

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.