Cromwell Holdings LLC Has $60,000 Position in Dover Co. (NYSE:DOV)

Cromwell Holdings LLC increased its holdings in shares of Dover Co. (NYSE:DOV) by 50.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 313 shares of the industrial products company’s stock after purchasing an additional 105 shares during the period. Cromwell Holdings LLC’s holdings in Dover were worth $60,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC lifted its holdings in shares of Dover by 14.1% during the third quarter. Joel Isaacson & Co. LLC now owns 4,050 shares of the industrial products company’s stock worth $777,000 after buying an additional 500 shares during the last quarter. Tectonic Advisors LLC increased its position in Dover by 6.2% during the third quarter. Tectonic Advisors LLC now owns 2,437 shares of the industrial products company’s stock worth $467,000 after acquiring an additional 143 shares during the period. Global Trust Asset Management LLC raised its stake in Dover by 42.9% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,165 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 350 shares during the last quarter. Mcdaniel Terry & Co. boosted its holdings in Dover by 0.5% in the 3rd quarter. Mcdaniel Terry & Co. now owns 209,648 shares of the industrial products company’s stock valued at $40,198,000 after purchasing an additional 1,010 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Dover by 135.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,796 shares of the industrial products company’s stock worth $5,905,000 after purchasing an additional 17,719 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Mizuho upped their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday. Robert W. Baird reaffirmed an “outperform” rating and issued a $208.00 target price on shares of Dover in a research report on Monday, July 22nd. Finally, Royal Bank of Canada boosted their price target on shares of Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $205.00.

Dover Stock Up 1.2 %

Shares of NYSE:DOV opened at $186.93 on Friday. The company’s fifty day moving average is $186.80 and its 200-day moving average is $182.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.53. Dover Co. has a 52 week low of $127.25 and a 52 week high of $195.68. The company has a market capitalization of $25.69 billion, a PE ratio of 17.96, a P/E/G ratio of 2.20 and a beta of 1.22.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.11. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. Equities research analysts predict that Dover Co. will post 9.18 earnings per share for the current fiscal year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This is a positive change from Dover’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. Dover’s dividend payout ratio is 19.79%.

Insider Activity at Dover

In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total value of $4,549,727.84. Following the transaction, the chief executive officer now owns 182,928 shares of the company’s stock, valued at approximately $33,285,578.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the transaction, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard J. Tobin sold 25,004 shares of the company’s 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 transaction, the chief executive officer now owns 182,928 shares in the company, valued at $33,285,578.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,383 shares of company stock valued at $8,169,883 in the last three months. Corporate insiders own 1.30% of the company’s stock.

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.