Bill Few Associates Inc. Buys 80 Shares of Dover Co. (NYSE:DOV)

Bill Few Associates Inc. boosted its holdings in shares of Dover Co. (NYSE:DOV) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 2,325 shares of the industrial products company’s stock after acquiring an additional 80 shares during the quarter. Bill Few Associates Inc.’s holdings in Dover were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in Dover during the first quarter worth $27,000. McClarren Financial Advisors Inc. boosted its stake 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 purchasing an additional 176 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Dover in the 2nd quarter valued at $34,000. Transcendent Capital Group LLC boosted its stake in shares of Dover by 208.0% in the 1st quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 156 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Dover in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Dover stock opened at $191.28 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Dover Co. has a 1 year low of $127.25 and a 1 year high of $194.75. The company has a market cap of $26.29 billion, a PE ratio of 18.37, a PEG ratio of 2.20 and a beta of 1.22. The company’s 50-day moving average is $184.45 and its two-hundred day moving average is $181.37.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.15. Dover had a net margin of 17.58% and a return on equity of 24.94%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company posted $2.05 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that Dover Co. will post 9.18 earnings per share for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Dover’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 1.08%. Dover’s dividend payout ratio is presently 19.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DOV. Robert W. Baird restated an “outperform” rating and issued a $208.00 target price on shares of Dover in a research note on Monday, July 22nd. Royal Bank of Canada lifted their price target on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Mizuho lifted their price target on Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Wolfe Research raised Dover to a “hold” rating in a report on Friday, September 20th. Finally, Barclays lifted their price target on Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Four 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, the company has a consensus rating of “Moderate Buy” and an average price target of $194.00.

Insider Activity at Dover

In related news, CFO Brad M. Cerepak sold 4,341 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $184.59, for a total value of $801,305.19. Following the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,274,887.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction that occurred 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 directly owns 182,928 shares in the company, valued at $33,285,578.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brad M. Cerepak sold 4,341 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $184.59, for a total transaction of $801,305.19. Following the completion of the sale, the chief financial officer now owns 12,324 shares in the company, valued at $2,274,887.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,383 shares of company stock worth $8,169,883 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Dover Company 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.