BSW Wealth Partners Grows Stock Holdings in Dover Co. (NYSE:DOV)

BSW Wealth Partners grew its position in Dover Co. (NYSE:DOV) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,288 shares of the industrial products company’s stock after buying an additional 323 shares during the period. BSW Wealth Partners’ holdings in Dover were worth $1,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new stake in Dover during the 1st quarter worth approximately $27,000. McClarren Financial Advisors Inc. increased its holdings in shares of Dover by 4,400.0% in 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 acquired a new stake in Dover during the second quarter worth approximately $34,000. Transcendent Capital Group LLC lifted its position in Dover by 208.0% in the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 156 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Dover during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

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 stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the transaction, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Richard J. Tobin sold 25,004 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total value of $4,549,727.84. Following the sale, the chief executive officer now owns 182,928 shares in the company, valued at approximately $33,285,578.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the sale, the senior vice president now owns 47,060 shares in the company, valued at approximately $8,706,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,042 shares of company stock worth $7,368,578. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Royal Bank of Canada boosted their price objective on shares of Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Mizuho upped their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Oppenheimer reiterated an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $208.00 price objective on shares of Dover in a research report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and an average target price of $207.44.

Dover Stock Down 0.1 %

NYSE:DOV traded down $0.22 during trading hours on Friday, hitting $189.11. 606,480 shares of the company’s stock traded hands, compared to its average volume of 1,074,429. Dover Co. has a twelve month low of $129.63 and a twelve month high of $195.68. The firm has a market cap of $25.94 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.54 and a beta of 1.22. 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 stock’s fifty day moving average price is $187.71 and its two-hundred day moving average price is $182.81.

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.