Dover Co. (NYSE:DOV) Shares Purchased by Spire Wealth Management

Spire Wealth Management increased its holdings in Dover Co. (NYSE:DOV) by 37.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 39,429 shares of the industrial products company’s stock after acquiring an additional 10,756 shares during the period. Spire Wealth Management’s holdings in Dover were worth $5,839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DOV. Vontobel Holding Ltd. raised its stake in Dover by 7.2% during the 4th quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company’s stock valued at $3,910,000 after acquiring an additional 1,718 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Dover by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock worth $85,612,000 after purchasing an additional 29,096 shares during the last quarter. Vest Financial LLC grew its holdings in Dover by 35.7% during the 4th quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock valued at $31,145,000 after buying an additional 53,273 shares during the last quarter. Chartwell Investment Partners LLC lifted its position in shares of Dover by 15.6% in the third quarter. Chartwell Investment Partners LLC now owns 6,733 shares of the industrial products company’s stock valued at $939,000 after acquiring an additional 907 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Dover by 112.9% in the 4th quarter. SG Americas Securities LLC now owns 11,409 shares of the industrial products company’s stock valued at $1,755,000 after purchasing an additional 6,050 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dover

In related news, CFO Brad M. Cerepak sold 18,410 shares of the firm’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 completion of the sale, the chief financial officer now owns 23,909 shares in the company, valued at $3,897,406.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 17,909 shares in the company, valued at $3,164,699.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brad M. Cerepak sold 18,410 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total value of $3,001,014.10. Following the completion of the transaction, the chief financial officer now directly owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,910 shares of company stock worth $4,318,059. Corporate insiders own 1.30% of the company’s stock.

Dover Stock Up 1.5 %

Shares of Dover stock traded up $2.74 during trading on Monday, reaching $181.73. 640,126 shares of the company traded hands, compared to its average volume of 992,995. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.89. The firm has a market capitalization of $24.98 billion, a PE ratio of 17.19, a P/E/G ratio of 1.84 and a beta of 1.25. The company has a 50 day moving average price of $173.44 and a 200-day moving average price of $155.86. Dover Co. has a 1-year low of $127.25 and a 1-year high of $182.33.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. Dover had a net margin of 17.28% and a return on equity of 25.04%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Dover Co. will post 9.1 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, May 31st. Dover’s payout ratio is currently 19.60%.

Analysts Set New Price Targets

Several research firms have recently commented on DOV. Wells Fargo & Company increased their target price on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Mizuho increased their price target on Dover from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada lifted their price target on Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. Finally, Oppenheimer raised their price objective on Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and an average price target of $185.75.

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.