Dover Co. (NYSE:DOV) Shares Acquired by WealthPLAN Partners LLC

WealthPLAN Partners LLC lifted its position in Dover Co. (NYSE:DOV) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,036 shares of the industrial products company’s stock after purchasing an additional 1,378 shares during the period. WealthPLAN Partners LLC’s holdings in Dover were worth $3,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Dover by 327.4% in the first quarter. Empowered Funds LLC now owns 7,385 shares of the industrial products company’s stock valued at $1,309,000 after buying an additional 5,657 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Dover by 75.1% during the first quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company’s stock valued at $3,539,000 after purchasing an additional 8,563 shares in the last quarter. Sei Investments Co. grew its position in shares of Dover by 6.3% in the first quarter. Sei Investments Co. now owns 60,180 shares of the industrial products company’s stock valued at $10,663,000 after purchasing an additional 3,590 shares during the period. QRG Capital Management Inc. raised its position in shares of Dover by 2.7% during the 1st quarter. QRG Capital Management Inc. now owns 28,223 shares of the industrial products company’s stock worth $5,001,000 after purchasing an additional 740 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Dover by 6.5% in the 1st quarter. Russell Investments Group Ltd. now owns 117,706 shares of the industrial products company’s stock worth $20,857,000 after buying an additional 7,227 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of DOV opened at $204.58 on Tuesday. Dover Co. has a 1 year low of $130.75 and a 1 year high of $204.93. The stock has a market capitalization of $28.07 billion, a PE ratio of 18.30, a PEG ratio of 2.71 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 has a 50-day simple moving average of $189.48 and a 200-day simple moving average of $184.11.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a 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%.

Insider Buying and Selling at Dover

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 47,060 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the company’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 completion of the transaction, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at $8,706,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $2,593,150.00. Following the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,156,700. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,042 shares of company stock valued at $7,368,578. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOV. Robert W. Baird reaffirmed an “outperform” rating and issued a $208.00 price target on shares of Dover in a research note on Monday, July 22nd. JPMorgan Chase & Co. upped their target price on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company raised their target price on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $207.44.

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.