Valeo Financial Advisors LLC Purchases Shares of 1,427 Dover Co. (NYSE:DOV)

Valeo Financial Advisors LLC purchased a new stake in shares of Dover Co. (NYSE:DOV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,427 shares of the industrial products company’s stock, valued at approximately $219,000.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Dover by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock valued at $85,612,000 after purchasing an additional 29,096 shares during the period. Vest Financial LLC raised its holdings in shares of Dover by 35.7% during the fourth quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock valued at $31,145,000 after purchasing an additional 53,273 shares during the period. Chartwell Investment Partners LLC raised its holdings in shares of Dover by 15.6% during the third quarter. Chartwell Investment Partners LLC now owns 6,733 shares of the industrial products company’s stock valued at $939,000 after purchasing an additional 907 shares during the period. SG Americas Securities LLC raised its holdings in shares of Dover by 112.9% in the 4th quarter. SG Americas Securities LLC now owns 11,409 shares of the industrial products company’s stock worth $1,755,000 after acquiring an additional 6,050 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Dover by 2,173.8% in the 3rd quarter. Wellington Management Group LLP now owns 817,125 shares of the industrial products company’s stock worth $113,997,000 after acquiring an additional 781,189 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Insider Transactions at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the sale, the chief financial officer now owns 23,909 shares in the company, valued at approximately $3,897,406.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the completion of the transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at approximately $3,897,406.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brad M. Cerepak sold 6,000 shares of Dover stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the completion of the transaction, the chief financial officer now owns 17,909 shares of the company’s stock, valued at $3,164,699.39. The disclosure for this sale can be found here. Insiders sold a total of 25,910 shares of company stock worth $4,318,059 in the last quarter. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

DOV has been the topic of a number of analyst reports. Barclays upped their target price on shares of Dover from $163.00 to $180.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Robert W. Baird upped their target price on shares of Dover from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Citigroup upped their target price on shares of Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 8th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Seaport Res Ptn upgraded shares of Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.88.

Dover Trading Up 0.3 %

NYSE:DOV opened at $171.13 on Wednesday. Dover Co. has a 52 week low of $127.25 and a 52 week high of $178.28. The firm has a 50-day moving average price of $169.88 and a two-hundred day moving average price of $152.59. The firm has a market cap of $23.51 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.40.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.01. Dover had a net margin of 12.52% and a return on equity of 25.95%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business posted $2.16 EPS. Dover’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts expect that Dover Co. will post 9.06 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.19%. Dover’s payout ratio is currently 27.13%.

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.