1,380 Shares in Dover Co. (NYSE:DOV) Purchased by DRW Securities LLC

DRW Securities LLC acquired a new position in shares of Dover Co. (NYSE:DOV) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,380 shares of the industrial products company’s stock, valued at approximately $265,000.

Other hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in shares of Dover by 975.5% in the 1st quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company’s stock worth $4,410,000 after purchasing an additional 22,572 shares during the period. ORG Partners LLC increased its position in Dover by 1,414.2% in the second quarter. ORG Partners LLC now owns 4,255 shares of the industrial products company’s stock worth $754,000 after buying an additional 3,974 shares during the last quarter. Swedbank AB bought a new stake in shares of Dover in the first quarter valued at $1,581,000. QRG Capital Management Inc. lifted its position in shares of Dover by 10.8% during the 2nd quarter. QRG Capital Management Inc. now owns 31,274 shares of the industrial products company’s stock valued at $5,643,000 after buying an additional 3,051 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Dover during the 3rd quarter worth $1,920,000. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

NYSE:DOV opened at $206.44 on Thursday. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 2.76 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The stock has a fifty day moving average of $194.06 and a 200 day moving average of $185.76. Dover Co. has a 52-week low of $137.73 and a 52-week high of $208.26.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, November 29th. Dover’s payout ratio is 18.43%.

Insider Buying and Selling

In related news, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,156,700. The trade was a 54.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DOV. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. UBS Group initiated coverage on shares of Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Mizuho raised their price target on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Oppenheimer reiterated an “outperform” rating and set a $215.00 price objective (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $208.40.

Dover 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.