2 weeks Ago By ABMN Staff
Nemes Rush Group LLC trimmed its stake in Dover Co. ( NYSE:DOV – Free Report ) by 21.7% during the second quarter, according to its most recent disclosure with the SEC.
The fund owned 778 shares of the industrial products company’s stock after selling 216 shares during the quarter. Nemes Rush Group LLC’s holdings in Dover were worth $140,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently modified their holdings of the company.
LRI Investments LLC acquired a new position in Dover during the 1st quarter valued at about $27,000. McClarren Financial Advisors Inc. boosted its position in shares of Dover by 4,400.
0% during the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after buying an additional 176 shares during the period.
Fairscale Capital LLC bought a new position in Dover in the 2nd quarter worth approximately $34,000. Transcendent Capital Group LLC increased its position in Dover by 208.0% in the 1st quarter.
Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 156 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Dover during the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 84.
46% of the company’s stock. Wall Street Analyst Weigh In DOV has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on Dover from $192.
00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Wolfe Research upgraded shares of Dover to a “hold” rating in a research report on Friday, September 20th.
Mizuho upped their price target on shares of Dover from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th.
Finally, Robert W. Baird reiterated an “outperform” rating and issued a $208.00 price objective on shares of Dover in a report on Monday, July 22nd.
Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.63.
Dover Trading Down 0.1 % Dover stock opened at $192.78 on Monday.
Dover Co. has a 1 year low of $127.25 and a 1 year high of $194.
75. The firm’s 50 day moving average price is $182.29 and its two-hundred day moving average price is $180.
23. The firm has a market cap of $26.49 billion, a price-to-earnings ratio of 18.
52, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22.
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.
53. Dover ( NYSE:DOV – Get Free Report ) last announced its earnings results on Thursday, July 25th. The industrial products company reported $2.
36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.15.
Dover had a return on equity of 24.94% and a net margin of 17.58%.
The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.15 billion.
During the same period in the previous year, the firm earned $2.05 earnings per share. Dover’s revenue for the quarter was up 3.
7% compared to the same quarter last year. On average, research analysts predict that Dover Co. will post 9.
17 EPS for the current fiscal year. Dover Increases Dividend The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.
515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.
07%. The ex-dividend date was Friday, August 30th. This is an increase from Dover’s previous quarterly dividend of $0.
51. Dover’s dividend payout ratio is 19.79%.
Insiders Place Their Bets In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $185.
00, for a total transaction of $225,700.00. Following the transaction, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at $8,706,100.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th.
The shares were sold at an average price of $185.00, for a total transaction of $225,700.00.
Following the completion of the sale, the senior vice president now directly owns 47,060 shares in the company, valued at $8,706,100. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, CEO Richard J.
Tobin sold 25,004 shares of Dover stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total transaction of $4,549,727.
84. Following the sale, the chief executive officer now directly owns 182,928 shares of the company’s stock, valued at approximately $33,285,578.88.
The disclosure for this sale can be found here . In the last three months, insiders have sold 45,383 shares of company stock worth $8,169,883. Corporate insiders own 1.
30% of the company’s stock. About Dover ( Free Report ) 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.
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