Dover Co. (NYSE:DOV) Shares Acquired by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lifted its stake in shares of Dover Co. (NYSE:DOV) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,832 shares of the industrial products company’s stock after acquiring an additional 1,514 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Dover were worth $6,870,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. LRI Investments LLC acquired a new position in Dover in the first quarter worth approximately $27,000. McClarren Financial Advisors Inc. increased its holdings in shares of Dover by 4,400.0% in the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after buying an additional 176 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Dover in the third quarter valued at $33,000. Fairscale Capital LLC bought a new position in shares of Dover in the second quarter valued at $34,000. Finally, Transcendent Capital Group LLC increased its holdings in shares of Dover by 208.0% in the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

DOV has been the topic of several research reports. Wells Fargo & Company upped their price target on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Oppenheimer reiterated an “outperform” rating and set a $215.00 price objective (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Robert W. Baird reiterated an “outperform” rating and set a $208.00 price objective on shares of Dover in a research report on Monday, July 22nd. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus target price of $207.44.

Dover Trading Up 1.5 %

Dover stock opened at $204.58 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a 12 month low of $130.75 and a 12 month high of $204.93. The company’s fifty day simple moving average is $189.48 and its 200-day simple moving average is $184.11. The stock has a market cap of $28.07 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.71 and a beta of 1.22.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s payout ratio is presently 18.43%.

Insider Activity at Dover

In related news, 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 value of $4,549,727.84. Following the completion of the sale, the chief executive officer now owns 182,928 shares of the company’s stock, valued at approximately $33,285,578.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 value of $4,549,727.84. Following the completion of the sale, the chief executive officer now owns 182,928 shares of the company’s stock, valued at approximately $33,285,578.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the transaction, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,042 shares of company stock valued at $7,368,578. 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.