Y.D. More Investments Ltd Invests $936,000 in Dover Corporation $DOV

Y.D. More Investments Ltd bought a new position in Dover Corporation (NYSE:DOV) during the fourth quarter, Holdings Channel reports. The firm bought 4,796 shares of the industrial products company’s stock, valued at approximately $936,000.

Several other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Dover in the 3rd quarter worth approximately $25,000. Tompkins Financial Corp boosted its position in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Caldwell Trust Co purchased a new position in shares of Dover in the second quarter valued at $31,000. Westside Investment Management Inc. increased its position in Dover by 100.0% in the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 114 shares during the last quarter. Finally, Davis Capital Management purchased a new stake in Dover during the third quarter valued at $44,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Insider Transactions at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of the business’s 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 sale, the senior vice president directly owned 72,188 shares of the company’s stock, valued at $16,836,407.24. The trade was a 5.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Girish Juneja sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the transaction, the vice president owned 8,422 shares in the company, valued at $1,943,544.94. This represents a 15.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,497 shares of company stock worth $19,196,277. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $224.00 price objective on shares of Dover in a research report on Saturday, January 31st. Royal Bank Of Canada upped their target price 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. Morgan Stanley set a $210.00 price target on shares of Dover in a report on Wednesday, February 4th. Robert W. Baird set a $255.00 price target on Dover in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $226.54.

Dover Stock Up 0.9%

NYSE DOV opened at $207.32 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 1.58 and a beta of 1.25. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $237.54. The company has a fifty day moving average of $216.62 and a two-hundred day moving average of $196.36.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $2.20 EPS. On average, analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

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