Aquatic Capital Management LLC Purchases Shares of 24,736 Dover Corporation $DOV

Aquatic Capital Management LLC acquired a new position in Dover Corporation (NYSE:DOV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,736 shares of the industrial products company’s stock, valued at approximately $4,127,000.

Several other large investors have also modified their holdings of DOV. Creative Planning grew its position in shares of Dover by 0.5% in the third quarter. Creative Planning now owns 246,562 shares of the industrial products company’s stock valued at $41,134,000 after purchasing an additional 1,130 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Dover by 47.2% in the third quarter. AQR Capital Management LLC now owns 1,161,628 shares of the industrial products company’s stock worth $193,574,000 after purchasing an additional 372,219 shares during the period. Prairie Wealth Advisors Inc. acquired a new position in shares of Dover during the 3rd quarter worth about $261,000. Credit Agricole S A bought a new stake in Dover during the 3rd quarter valued at approximately $8,515,000. Finally, Kelleher Financial Advisors acquired a new stake in Dover in the 3rd quarter valued at approximately $99,000. 84.46% of the stock is owned by institutional investors.

Insider Transactions at Dover

In other news, VP Girish Juneja sold 1,500 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total value of $346,155.00. Following the completion of the sale, the vice president directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the completion of the transaction, the senior vice president directly owned 72,188 shares of the company’s stock, valued at $16,836,407.24. This represents a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 82,497 shares of company stock worth $19,196,277. Insiders own 1.30% of the company’s stock.

Dover Stock Performance

NYSE DOV opened at $207.43 on Tuesday. The firm has a market cap of $27.98 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.57 and a beta of 1.27. The company has a 50 day moving average of $215.21 and a 200-day moving average of $192.77. The company has a current ratio of 1.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $237.54.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 29th. The industrial products company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. Dover had a return on equity of 17.87% and a net margin of 13.52%.Dover’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 EPS. On average, equities analysts forecast that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, February 27th. Dover’s dividend payout ratio is presently 26.20%.

Analyst Ratings Changes

A number of research analysts have recently commented on DOV shares. The Goldman Sachs Group reiterated a “buy” rating and set a $224.00 price target on shares of Dover in a report on Saturday, January 31st. Wells Fargo & Company boosted their target price on shares of Dover from $205.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Barclays set a $206.00 price target on shares of Dover in a report on Monday, February 2nd. Finally, Morgan Stanley set a $210.00 price target on shares of Dover in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

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.