1,740 Shares in Dover Co. (NYSE:DOV) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new stake in Dover Co. (NYSE:DOVFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,740 shares of the industrial products company’s stock, valued at approximately $268,000.

Other institutional investors also recently modified their holdings of the company. Legacy Financial Advisors Inc. grew its holdings in Dover by 1.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,753 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 63 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Dover by 4.1% in the 4th quarter. Manchester Capital Management LLC now owns 1,752 shares of the industrial products company’s stock valued at $269,000 after buying an additional 69 shares during the period. CX Institutional increased its position in shares of Dover by 1.5% in the 4th quarter. CX Institutional now owns 4,933 shares of the industrial products company’s stock valued at $759,000 after buying an additional 72 shares in the last quarter. Lincoln National Corp increased its position in shares of Dover by 2.3% in the 4th quarter. Lincoln National Corp now owns 3,624 shares of the industrial products company’s stock valued at $558,000 after buying an additional 83 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in Dover by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 3,828 shares of the industrial products company’s stock worth $534,000 after buying an additional 101 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DOV shares. Citigroup increased their price target on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Robert W. Baird lifted their price target on shares of Dover from $185.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Mizuho upped their price target on shares of Dover from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer boosted their price objective on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $185.75.

Read Our Latest Research Report on DOV

Dover Price Performance

NYSE:DOV opened at $180.96 on Thursday. The stock’s 50-day simple moving average is $178.71 and its 200 day simple moving average is $163.78. Dover Co. has a 52-week low of $127.25 and a 52-week high of $188.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 1.31. The company has a market cap of $24.87 billion, a P/E ratio of 17.38, a P/E/G ratio of 2.22 and a beta of 1.24.

Dover (NYSE:DOVGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 25.04% and a net margin of 17.28%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 EPS. As a group, sell-side analysts forecast that Dover Co. will post 9.1 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, May 31st. Dover’s dividend payout ratio (DPR) is presently 19.60%.

Insider Transactions at Dover

In related news, CFO Brad M. Cerepak sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the completion of the sale, the chief financial officer now directly owns 17,909 shares in the company, valued at approximately $3,164,699.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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