Dover Co. (NYSE:DOV) Shares Purchased by Strategic Investment Advisors MI
Strategic Investment Advisors MI raised its stake in Dover Co. (NYSE:DOV) by 108.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,494 shares of the industrial products company’s stock after buying an additional 4,421 shares during the quarter. Strategic Investment Advisors MI’s holdings in Dover were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of DOV. TRUE Private Wealth Advisors raised its position in shares of Dover by 8.9% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,098 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 90 shares during the period. Obermeyer Wood Investment Counsel Lllp increased its position in Dover by 1.7% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 5,597 shares of the industrial products company’s stock worth $606,000 after buying an additional 92 shares during the period. Peapack Gladstone Financial Corp increased its position in Dover by 1.7% in the third quarter. Peapack Gladstone Financial Corp now owns 5,583 shares of the industrial products company’s stock worth $605,000 after buying an additional 94 shares during the period. CX Institutional lifted its stake in Dover by 2.6% in the third quarter. CX Institutional now owns 4,060 shares of the industrial products company’s stock valued at $440,000 after buying an additional 101 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Dover by 19.1% during the third quarter. Meeder Asset Management Inc. now owns 629 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 101 shares during the period. 80.34% of the stock is owned by institutional investors.
DOV traded down $2.48 during mid-day trading on Wednesday, hitting $127.12. The stock had a trading volume of 1,151,844 shares, compared to its average volume of 702,484. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Dover Co. has a 1-year low of $62.95 and a 1-year high of $130.41. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.47 and a quick ratio of 1.00. The stock’s fifty day simple moving average is $124.21 and its 200-day simple moving average is $113.11.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 14th. Stockholders of record on Monday, November 30th were issued a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, November 27th. Dover’s payout ratio is 33.39%.
In other Dover news, CFO Brad M. Cerepak sold 33,668 shares of the firm’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $123.56, for a total value of $4,160,018.08. Following the completion of the transaction, the chief financial officer now directly owns 83,841 shares in the company, valued at $10,359,393.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brad M. Cerepak sold 23,135 shares of the business’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $126.00, for a total value of $2,915,010.00. In the last ninety days, insiders sold 61,495 shares of company stock worth $7,620,627. 0.98% of the stock is owned by company insiders.
Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dover from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Zacks Investment Research cut Dover from a “buy” rating to a “hold” rating and set a $130.00 price target on the stock. in a report on Tuesday, December 22nd. Barclays boosted their price objective on Dover from $138.00 to $141.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 5th. Oppenheimer restated a “hold” rating on shares of Dover in a research report on Sunday, November 22nd. Finally, Wolfe Research lowered Dover from an “outperform” rating to a “peer perform” rating and boosted their price target for the stock from $122.00 to $135.00 in a research report on Tuesday, December 8th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Dover presently has a consensus rating of “Hold” and an average price target of $121.18.
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides aftermarket vehicle services, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, bearings, drives, electric monitoring, and fluid dispensing systems.
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