Leeward Investments LLC MA Sells 2,813 Shares of Dover Co. (NYSE:DOV)

Leeward Investments LLC MA reduced its holdings in Dover Co. (NYSE:DOV) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,341 shares of the industrial products company’s stock after selling 2,813 shares during the quarter. Leeward Investments LLC MA owned 0.07% of Dover worth $16,049,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DOV. Vontobel Holding Ltd. grew its holdings in shares of Dover by 7.2% during the fourth quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company’s stock worth $3,910,000 after buying an additional 1,718 shares in the last quarter. Nordea Investment Management AB grew its stake in Dover by 5.5% in 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 in the last quarter. Vest Financial LLC grew its stake in Dover by 35.7% in 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 in the last quarter. Chartwell Investment Partners LLC grew its stake in Dover by 15.6% in 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 in the last quarter. Finally, SG Americas Securities LLC grew its stake in Dover by 112.9% in the fourth quarter. SG Americas Securities LLC now owns 11,409 shares of the industrial products company’s stock valued at $1,755,000 after purchasing an additional 6,050 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the sale, the chief financial officer now owns 17,909 shares in the company, valued at $3,164,699.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Brad M. Cerepak sold 6,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total value of $1,060,260.00. Following the sale, the chief financial officer now owns 17,909 shares in the company, valued at $3,164,699.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brad M. Cerepak sold 18,410 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at $3,897,406.09. The disclosure for this sale can be found here. Insiders have sold a total of 25,910 shares of company stock worth $4,318,059 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Seaport Res Ptn raised Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Oppenheimer lifted their price objective on Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Company lifted their price target on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and an average price target of $185.75.

Dover Trading Up 0.6 %

Shares of DOV stock opened at $180.17 on Friday. The firm has a market capitalization of $24.75 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.85 and a beta of 1.27. Dover Co. has a twelve month low of $127.25 and a twelve month high of $181.49. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $171.75 and its 200 day simple moving average is $154.29.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.95 EPS 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 the consensus estimate of $2.03 billion. Dover had a return on equity of 25.41% and a net margin of 17.28%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. As a group, sell-side analysts predict that Dover Co. will post 9.09 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.13%. Dover’s dividend payout ratio is currently 19.60%.

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.