Benedict Financial Advisors Inc. Sells 134 Shares of Dover Co. (NYSE:DOV)

Benedict Financial Advisors Inc. cut its holdings in shares of Dover Co. (NYSE:DOV) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,023 shares of the industrial products company’s stock after selling 134 shares during the period. Benedict Financial Advisors Inc.’s holdings in Dover were worth $3,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in Dover by 153.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock valued at $466,622,000 after purchasing an additional 1,595,611 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Dover by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock valued at $271,702,000 after buying an additional 60,912 shares during the period. American Century Companies Inc. raised its stake in Dover by 162.2% in the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock worth $124,195,000 after buying an additional 425,768 shares in the last quarter. Interval Partners LP lifted its holdings in Dover by 110.0% in the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock worth $105,216,000 after buying an additional 305,436 shares during the period. Finally, Earnest Partners LLC boosted its position in Dover by 31.5% during the 1st quarter. Earnest Partners LLC now owns 397,145 shares of the industrial products company’s stock valued at $70,370,000 after acquiring an additional 95,056 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Insider Activity

In other Dover news, 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 value of $801,305.19. Following the completion of the sale, the chief financial officer now owns 12,324 shares of the company’s stock, valued at approximately $2,274,887.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Dover news, CFO Brad M. Cerepak sold 4,341 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $184.59, for a total transaction of $801,305.19. Following the completion of the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,274,887.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now owns 182,928 shares in the company, valued at $33,285,578.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,383 shares of company stock valued at $8,169,883 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on DOV shares. Wolfe Research upgraded Dover to a “hold” rating in a research note on Friday, September 20th. Robert W. Baird reissued an “outperform” rating and set a $208.00 price objective on shares of Dover in a research report on Monday, July 22nd. Mizuho upped their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.00.

Dover Stock Up 1.2 %

Shares of NYSE:DOV traded up $2.20 during trading on Friday, reaching $186.98. 1,238,472 shares of the stock traded hands, compared to its average volume of 980,425. The stock has a market cap of $25.70 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22. 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 50-day moving average of $186.80 and a two-hundred day moving average of $182.19. Dover Co. has a 52-week low of $127.25 and a 52-week high of $195.68.

Dover (NYSE:DOV) last issued its earnings results on Thursday, October 24th. The industrial products company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.16 by $0.11. Dover had a return on equity of 24.94% and a net margin of 17.58%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. As a group, sell-side analysts expect that Dover Co. will post 9.18 earnings per share for the current fiscal year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. This is a positive change from Dover’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. Dover’s payout ratio is 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.