Dover Co. (NYSE:DOV) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC cut its position in Dover Co. (NYSE:DOV) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,463 shares of the industrial products company’s stock after selling 3,225 shares during the period. Douglass Winthrop Advisors LLC owned 0.06% of Dover worth $15,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. LRI Investments LLC acquired a new stake in Dover in the first quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new stake in Dover during the third quarter worth approximately $33,000. McClarren Financial Advisors Inc. boosted its holdings in Dover by 4,400.0% in the second 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 Dover during the second quarter worth approximately $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Dover during the 2nd quarter worth approximately $41,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOV. JPMorgan Chase & Co. boosted their price target on shares of Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Mizuho upped their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group initiated coverage on shares of Dover in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target for the company. Four investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.40.

Dover Stock Performance

NYSE DOV opened at $204.74 on Monday. 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 business’s 50 day moving average is $193.32 and its two-hundred day moving average is $185.47. The stock has a market capitalization of $28.09 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.75 and a beta of 1.22. Dover Co. has a 12-month low of $137.73 and a 12-month high of $205.06.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, November 29th. Dover’s payout ratio is 18.43%.

Insider Buying and Selling at Dover

In related news, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,156,700. This trade represents a 54.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the business’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 sale, the senior vice president now directly owns 47,060 shares in the company, valued at $8,706,100. This trade represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.