Hantz Financial Services Inc. Sells 143 Shares of Dover Co. (NYSE:DOV)

Hantz Financial Services Inc. lessened its position in Dover Co. (NYSE:DOV) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,951 shares of the industrial products company’s stock after selling 143 shares during the period. Hantz Financial Services Inc.’s holdings in Dover were worth $1,716,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vinva Investment Management Ltd increased its position in shares of Dover by 15.5% in the 3rd quarter. Vinva Investment Management Ltd now owns 3,300 shares of the industrial products company’s stock valued at $636,000 after buying an additional 442 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Dover by 13.3% in the third quarter. Public Sector Pension Investment Board now owns 5,959 shares of the industrial products company’s stock worth $1,143,000 after acquiring an additional 700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dover by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after acquiring an additional 17,193 shares in the last quarter. First Commonwealth Financial Corp PA raised its position in shares of Dover by 2.2% during the third quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after purchasing an additional 73 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Dover by 1.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,166 shares of the industrial products company’s stock valued at $2,908,000 after purchasing an additional 147 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on DOV. Barclays raised their target price on shares of Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Mizuho raised their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. Oppenheimer reissued an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price objective on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Monday, September 30th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.40.

Insider Buying and Selling

In related news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction on Friday, September 6th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Dover Stock Down 0.3 %

Dover stock opened at $205.90 on Friday. The firm has a market capitalization of $28.25 billion, a PE ratio of 18.42, a P/E/G ratio of 2.77 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. The company’s 50-day moving average is $195.11 and its 200-day moving average is $186.20. Dover Co. has a fifty-two week low of $139.93 and a fifty-two week high of $208.26.

Dover Dividend Announcement

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

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.