Dover Co. (NYSE:DOV) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its stake in Dover Co. (NYSE:DOV) by 20.5% during the third quarter, HoldingsChannel.com reports. The firm owned 84,114 shares of the industrial products company’s stock after purchasing an additional 14,314 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Dover were worth $16,128,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Dover during the third quarter worth about $33,000. McClarren Financial Advisors Inc. lifted its position in shares of Dover by 4,400.0% during the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 176 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Dover during the second quarter worth about $34,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Dover during the second quarter worth about $41,000. Finally, Avior Wealth Management LLC lifted its position in shares of Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DOV shares. Wells Fargo & Company increased their price objective 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. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research note on Monday, October 28th. Oppenheimer reiterated an “outperform” rating and set a $215.00 price objective (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, UBS Group started coverage on shares of Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.40.

Insider Activity

In other news, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,156,700. This trade represents a 54.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Dover Trading Down 0.3 %

Shares of NYSE:DOV opened at $205.90 on Monday. The company has a 50 day moving average of $195.11 and a 200-day moving average of $186.21. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market cap of $28.25 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.77 and a beta of 1.22. Dover Co. has a twelve month low of $139.93 and a twelve month high of $208.26.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 18.43%.

About Dover

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.