Dover Co. (NYSE:DOV) Shares Sold by Wealth Alliance

Wealth Alliance lowered its holdings in Dover Co. (NYSE:DOV) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,884 shares of the industrial products company’s stock after selling 359 shares during the period. Wealth Alliance’s holdings in Dover were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DOV. Orion Capital Management LLC acquired a new position in shares of Dover in the 3rd quarter worth approximately $32,000. Headinvest LLC purchased a new position in shares of Dover in the third quarter worth approximately $32,000. Exchange Traded Concepts LLC purchased a new position in shares of Dover in the fourth quarter worth approximately $33,000. AdvisorNet Financial Inc increased its position in shares of Dover by 783.3% in the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 188 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Dover in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Dover from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Royal Bank of Canada lifted their target price on shares of Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Citigroup lifted their target price on shares of Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 8th. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Oppenheimer boosted their price objective on shares of Dover from $175.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.88.

Dover Trading Down 1.0 %

Shares of DOV stock opened at $169.50 on Thursday. Dover Co. has a 1 year low of $127.25 and a 1 year high of $178.28. The firm’s fifty day simple moving average is $170.06 and its 200 day simple moving average is $152.71. The firm has a market capitalization of $23.29 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

Dover (NYSE:DOV) last announced its earnings results on Thursday, February 1st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.01. Dover had a net margin of 12.52% and a return on equity of 25.95%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm posted $2.16 earnings per share. Dover’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Dover Co. will post 9.06 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.20%. The ex-dividend date was Wednesday, February 28th. Dover’s dividend payout ratio (DPR) is presently 27.13%.

Insider Buying and Selling at Dover

In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the sale, the chief financial officer now owns 23,909 shares of the company’s stock, valued at approximately $3,897,406.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Brad M. Cerepak sold 18,410 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the sale, the chief financial officer now owns 23,909 shares of the company’s stock, valued at approximately $3,897,406.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. Todd sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the sale, the director now directly owns 22,955 shares in the company, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Dover 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.