Dover Co. (NYSE:DOV) Shares Acquired by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. boosted its position in Dover Co. (NYSE:DOV) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,377 shares of the industrial products company’s stock after purchasing an additional 1,741 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Dover were worth $4,057,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DOV. CWM LLC lifted its position in Dover by 14.5% in the 3rd quarter. CWM LLC now owns 2,089 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 264 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of Dover by 18.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,645 shares of the industrial products company’s stock worth $229,000 after buying an additional 251 shares in the last quarter. Park Place Capital Corp raised its position in shares of Dover by 18.8% during the 3rd quarter. Park Place Capital Corp now owns 770 shares of the industrial products company’s stock worth $107,000 after buying an additional 122 shares in the last quarter. Financial Enhancement Group LLC raised its position in shares of Dover by 0.6% during the 3rd quarter. Financial Enhancement Group LLC now owns 37,918 shares of the industrial products company’s stock worth $5,338,000 after buying an additional 244 shares in the last quarter. Finally, CX Institutional raised its position in shares of Dover by 5.4% during the 3rd quarter. CX Institutional now owns 4,861 shares of the industrial products company’s stock worth $678,000 after buying an additional 251 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Insider Transactions at Dover

In other news, CFO Brad M. Cerepak sold 6,000 shares of Dover stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the transaction, the chief financial officer now directly owns 17,909 shares of the company’s stock, valued at $3,164,699.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Stephen M. Todd sold 1,500 shares of Dover stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total value of $256,785.00. Following the transaction, the director now directly owns 22,955 shares of the company’s stock, valued at $3,929,666.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brad M. Cerepak sold 6,000 shares of Dover stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the completion of the transaction, the chief financial officer now directly owns 17,909 shares in the company, valued at $3,164,699.39. The disclosure for this sale can be found here. Insiders have sold a total of 25,910 shares of company stock valued at $4,318,059 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Seaport Res Ptn upgraded shares of Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Citigroup boosted their price target on shares of Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Robert W. Baird boosted their price target 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. Finally, Royal Bank of Canada boosted their price target on shares of Dover from $146.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. Four investment 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.13.

Dover Stock Performance

Shares of DOV opened at $170.28 on Tuesday. The firm’s 50 day moving average is $170.59 and its 200-day moving average is $153.48. The stock has a market capitalization of $23.39 billion, a P/E ratio of 22.64, a P/E/G ratio of 1.76 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.40 and a quick ratio of 0.90. Dover Co. has a 12-month low of $127.25 and a 12-month high of $178.28.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Dover had a net margin of 12.52% and a return on equity of 25.95%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 EPS. Equities research analysts anticipate that Dover Co. will post 9.06 EPS for the current fiscal year.

Dover Announces Dividend

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

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.