Dover Co. (NYSE:DOV) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in Dover Co. (NYSE:DOV) by 3.7% in the fourth quarter, Holdings Channel reports. The fund owned 3,942 shares of the industrial products company’s stock after selling 150 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Dover were worth $590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC acquired a new position in Dover in the third quarter valued at about $32,000. Headinvest LLC purchased a new stake in shares of Dover in the 3rd quarter valued at approximately $32,000. Exchange Traded Concepts LLC purchased a new position in shares of Dover during the 4th quarter worth approximately $33,000. AdvisorNet Financial Inc increased its holdings in Dover by 783.3% in the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 188 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new stake in Dover in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Insider Transactions at Dover

In related news, CFO Brad M. Cerepak sold 18,410 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Brad M. Cerepak sold 18,410 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen M. Todd sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the transaction, 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 a total of 25,910 shares of company stock worth $4,318,059 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DOV. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Barclays increased their price target on shares of Dover from $163.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Citigroup lifted their price objective on shares of Dover from $180.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 8th. Seaport Res Ptn raised shares of Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Robert W. Baird upped their price objective on Dover from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.13.

Dover Stock Up 1.4 %

DOV stock traded up $2.33 during trading on Tuesday, hitting $172.61. 369,887 shares of the company’s stock were exchanged, compared to its average volume of 939,416. The business has a 50-day moving average price of $170.59 and a two-hundred day moving average price of $153.48. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $23.71 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.76 and a beta of 1.27. Dover Co. has a 52-week low of $127.25 and a 52-week high of $178.28.

Dover (NYSE:DOV) last posted its earnings results on Thursday, February 1st. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dover had a net margin of 12.52% and a return on equity of 25.95%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $2.16 EPS. As a group, equities research analysts expect that Dover Co. will post 9.06 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.51 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.18%. Dover’s dividend payout ratio (DPR) is 27.13%.

Dover Company 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.