Dover Co. (NYSE:DOV) Shares Purchased by Empower Advisory Group LLC

Empower Advisory Group LLC grew its holdings in shares of Dover Co. (NYSE:DOV) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,030 shares of the industrial products company’s stock after purchasing an additional 73 shares during the period. Empower Advisory Group LLC’s holdings in Dover were worth $389,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. LRI Investments LLC purchased a new position in Dover in the first quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the 3rd quarter worth $33,000. McClarren Financial Advisors Inc. increased its holdings 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 second quarter valued at about $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Dover during the second quarter worth about $41,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dover

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction 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 owns 12,324 shares of the company’s stock, valued at $2,156,700. The trade was a 54.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 182,928 shares in the company, valued at $33,285,578.88. This trade represents a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,042 shares of company stock worth $7,368,578. Insiders own 1.30% of the company’s stock.

Dover Stock Down 1.0 %

Shares of Dover stock opened at $202.04 on Friday. The firm has a market cap of $27.72 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.72 and a beta of 1.22. The business has a 50-day moving average price of $191.02 and a 200 day moving average price of $184.53. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a fifty-two week low of $136.13 and a fifty-two week high of $204.93.

Dover Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.02%. Dover’s payout ratio is currently 18.43%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company upped their target price on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. upped their target price on shares of Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, October 25th. UBS Group started coverage on Dover in a report on Wednesday. They issued a “neutral” rating and a $217.00 price target for the company. Finally, 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.40.

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.