Apollon Wealth Management LLC Grows Position in Dover Co. (NYSE:DOV)

Apollon Wealth Management LLC raised its stake in shares of Dover Co. (NYSE:DOV) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,084 shares of the industrial products company’s stock after acquiring an additional 800 shares during the period. Apollon Wealth Management LLC’s holdings in Dover were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Dover during the third quarter worth about $32,000. Headinvest LLC purchased a new position in shares of Dover in the 3rd quarter worth approximately $32,000. Exchange Traded Concepts LLC bought a new position in shares of Dover in the fourth quarter valued at approximately $33,000. AdvisorNet Financial Inc increased its position in shares of Dover by 783.3% during the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 188 shares during the last quarter. Finally, Life Planning Partners Inc bought a new stake in Dover during the fourth quarter worth $35,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Up 0.7 %

Shares of NYSE:DOV opened at $184.95 on Friday. The firm has a fifty day moving average of $174.91 and a 200 day moving average of $156.91. Dover Co. has a 52-week low of $127.25 and a 52-week high of $185.01. 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 firm has a market capitalization of $25.42 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Dover had a return on equity of 25.04% and a net margin of 17.28%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 EPS. As a group, research analysts anticipate that Dover Co. will post 9.1 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.10%. Dover’s payout ratio is 19.60%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Citigroup boosted their target price on shares of Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Robert W. Baird upped 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. Finally, Seaport Res Ptn raised Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Insider Activity

In other news, Director Stephen M. Todd sold 1,500 shares of Dover stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $171.19, for a total value of $256,785.00. Following the transaction, the director now owns 22,955 shares in the company, valued at $3,929,666.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Stephen M. Todd sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the transaction, the director now directly owns 22,955 shares of the company’s stock, valued at $3,929,666.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brad M. Cerepak sold 6,000 shares of Dover stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 17,909 shares in the company, valued at $3,164,699.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,910 shares of company stock valued at $4,318,059. Corporate insiders own 1.30% of the company’s stock.

Dover Company 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.