Dover Corporation $DOV Stock Position Reduced by Cwm LLC

Cwm LLC trimmed its position in Dover Corporation (NYSE:DOV) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,351 shares of the industrial products company’s stock after selling 3,560 shares during the quarter. Cwm LLC’s holdings in Dover were worth $6,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Dover during the third quarter worth $25,000. Tompkins Financial Corp grew its position in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after buying an additional 77 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Dover by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after buying an additional 114 shares during the last quarter. Davis Capital Management acquired a new stake in Dover during the third quarter worth about $44,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Dover by 371.4% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 208 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Up 1.3%

DOV opened at $222.02 on Tuesday. The stock’s 50 day moving average price is $217.54 and its 200 day moving average price is $199.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28. The stock has a market cap of $29.93 billion, a P/E ratio of 27.96, a P/E/G ratio of 1.69 and a beta of 1.25. Dover Corporation has a 12 month low of $155.45 and a 12 month high of $237.54.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Dover had a net margin of 13.52% and a return on equity of 17.87%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 earnings per share. As a group, research analysts predict that Dover Corporation will post 10.55 earnings per share for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, February 27th. Dover’s dividend payout ratio is 26.20%.

Insider Buying and Selling at Dover

In related news, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total transaction of $932,920.00. Following the transaction, the senior vice president directly owned 72,188 shares of the company’s stock, valued at $16,836,407.24. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Girish Juneja sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the sale, the vice president owned 8,422 shares in the company, valued at approximately $1,943,544.94. This trade represents a 15.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 82,497 shares of company stock valued at $19,196,277. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DOV shares. Morgan Stanley set a $210.00 target price on Dover in a report on Wednesday, February 4th. Weiss Ratings raised Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Citigroup increased their target price on Dover from $231.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Barclays set a $206.00 target price on Dover in a research note on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $229.38.

Dover Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.