Dover Co. (NYSE:DOV) Holdings Trimmed by Marco Investment Management LLC

Marco Investment Management LLC cut its holdings in Dover Co. (NYSE:DOV) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,633 shares of the industrial products company’s stock after selling 65 shares during the quarter. Marco Investment Management LLC’s holdings in Dover were worth $1,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LRI Investments LLC bought a new stake in shares of Dover in the 1st quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of Dover in the third quarter valued at $33,000. McClarren Financial Advisors Inc. lifted its position in shares of Dover by 4,400.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 176 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Dover during the 2nd quarter worth $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Dover in the 2nd quarter worth $41,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the transaction, the senior vice president now owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares of the company’s stock, valued at $2,156,700. This trade represents a 54.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOV. JPMorgan Chase & Co. increased their price target on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. UBS Group began coverage on shares of Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price for the company. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Barclays raised their price objective on shares of Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $215.00 price objective (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $208.40.

Dover Stock Up 1.1 %

Dover stock opened at $204.74 on Friday. Dover Co. has a twelve month low of $137.73 and a twelve month high of $205.06. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The firm has a market cap of $28.09 billion, a PE ratio of 18.31, a P/E/G ratio of 2.72 and a beta of 1.22. The firm’s 50 day moving average price is $193.32 and its two-hundred day moving average price is $185.46.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 18.43%.

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.