Raymond James Financial Services Advisors Inc. Grows Stake in Dover Co. (NYSE:DOV)

Raymond James Financial Services Advisors Inc. boosted its position in shares of Dover Co. (NYSE:DOVFree Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,281 shares of the industrial products company’s stock after purchasing an additional 415 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Dover were worth $6,965,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Dover during the third quarter worth about $32,000. Headinvest LLC purchased a new stake in Dover in the 3rd quarter valued at approximately $32,000. Exchange Traded Concepts LLC acquired a new stake in Dover during the 4th quarter valued at $33,000. Fortitude Family Office LLC purchased a new position in Dover during the fourth quarter worth $47,000. Finally, Fairfield Bush & CO. acquired a new position in shares of Dover in the first quarter worth $48,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DOV shares. Barclays increased their price objective on Dover from $163.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Seaport Res Ptn upgraded shares of Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Oppenheimer boosted their price target on Dover from $175.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Robert W. Baird raised their price objective on Dover from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.40.

Check Out Our Latest Analysis on DOV

Dover Stock Performance

NYSE DOV opened at $173.70 on Wednesday. The firm has a market capitalization of $23.86 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.81 and a beta of 1.27. Dover Co. has a 1-year low of $127.25 and a 1-year high of $178.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.40 and a quick ratio of 0.90. The business’s 50-day simple moving average is $165.87 and its 200-day simple moving average is $150.33.

Dover (NYSE:DOVGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.01. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.16 billion. Dover had a return on equity of 25.95% and a net margin of 12.52%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. Equities analysts predict that Dover Co. will post 9.07 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, February 28th. Dover’s dividend payout ratio is currently 27.13%.

Insider Activity

In other news, Director Stephen M. Todd sold 1,500 shares of Dover stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $171.19, for a total value of $256,785.00. Following the transaction, the director now directly owns 22,955 shares of the company’s stock, valued at approximately $3,929,666.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Brad M. Cerepak sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the transaction, the chief financial officer now directly owns 17,909 shares of the company’s stock, valued at approximately $3,164,699.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen M. Todd sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $171.19, for a total value of $256,785.00. Following the transaction, the director now directly owns 22,955 shares in the company, valued at $3,929,666.45. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Dover Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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