Centaurus Financial Inc. Sells 341 Shares of Dover Co. (NYSE:DOV)

Centaurus Financial Inc. trimmed its stake in shares of Dover Co. (NYSE:DOV) by 20.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,345 shares of the industrial products company’s stock after selling 341 shares during the quarter. Centaurus Financial Inc.’s holdings in Dover were worth $258,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Dover during the 1st quarter worth $27,000. 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 worth $32,000 after buying an additional 176 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Dover during the 3rd quarter worth $33,000. Fairscale Capital LLC bought a new stake in shares of Dover during the 2nd quarter worth $34,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Dover during the 2nd quarter worth $41,000. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Up 0.0 %

NYSE DOV opened at $206.44 on Thursday. The business has a 50 day simple moving average of $194.06 and a 200 day simple moving average of $185.76. Dover Co. has a one year low of $137.73 and a one year high of $208.26. The stock has a market capitalization of $28.32 billion, a P/E ratio of 18.47, a P/E/G ratio of 2.76 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.00%. Dover’s dividend payout ratio is currently 18.43%.

Insider Buying and Selling at Dover

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.00, for a total value 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 approximately $2,156,700. This trade represents a 54.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DOV shares. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company increased their target price on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. UBS Group began coverage on Dover in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price for the company. Barclays increased their target price on Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average price target of $208.40.

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.