Marshall Financial Group LLC Takes $961,000 Position in Dover Corporation $DOV

Marshall Financial Group LLC purchased a new stake in Dover Corporation (NYSE:DOV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,921 shares of the industrial products company’s stock, valued at approximately $961,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOV. Brave Asset Management Inc. acquired a new stake in Dover during the 4th quarter valued at $230,000. Tompkins Financial Corp boosted its position in shares of Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after buying an additional 77 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in shares of Dover by 4.5% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,713 shares of the industrial products company’s stock valued at $334,000 after buying an additional 74 shares in the last quarter. M. Kulyk & Associates LLC acquired a new position in Dover during the fourth quarter valued at $204,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Dover by 15.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock valued at $8,442,000 after buying an additional 5,514 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total transaction of $932,920.00. Following the transaction, the senior vice president owned 72,188 shares in the company, valued at $16,836,407.24. This represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the transaction, the chief executive officer owned 217,979 shares in the company, valued at $50,723,713.30. This represents a 26.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,497 shares of company stock valued at $19,196,277 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Oppenheimer raised their price objective on Dover from $228.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. upped their target price on Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Barclays set a $206.00 price target on shares of Dover in a research report on Monday, February 2nd. Royal Bank Of Canada boosted their price objective on shares of Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Finally, UBS Group set a $256.00 price objective on shares of Dover and gave the company a “buy” rating in a research note on Sunday, January 4th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.67.

Dover Stock Performance

Shares of DOV stock opened at $209.41 on Monday. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $237.54. The stock’s 50-day moving average is $216.02 and its two-hundred day moving average is $193.75. 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 firm has a market cap of $28.24 billion, a P/E ratio of 26.37, a PEG ratio of 1.61 and a beta of 1.27.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. Dover had a return on equity of 17.87% and a net margin of 13.52%.The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.20 EPS. Analysts predict 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. Shareholders of record on Friday, February 27th were paid a $0.52 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s payout ratio is 26.20%.

Dover Company 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.