2,420 Shares in Dover Co. (NYSE:DOV) Purchased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new position in Dover Co. (NYSE:DOV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,420 shares of the industrial products company’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nordea Investment Management AB raised its stake in Dover by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock valued at $85,612,000 after buying an additional 29,096 shares during the last quarter. Vest Financial LLC raised its position in shares of Dover by 35.7% in the 4th quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock worth $31,145,000 after purchasing an additional 53,273 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in Dover by 15.6% in the 3rd quarter. Chartwell Investment Partners LLC now owns 6,733 shares of the industrial products company’s stock worth $939,000 after purchasing an additional 907 shares in the last quarter. SG Americas Securities LLC grew its position in Dover by 112.9% during the 4th quarter. SG Americas Securities LLC now owns 11,409 shares of the industrial products company’s stock valued at $1,755,000 after purchasing an additional 6,050 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Dover by 2,173.8% during the 3rd quarter. Wellington Management Group LLP now owns 817,125 shares of the industrial products company’s stock valued at $113,997,000 after purchasing an additional 781,189 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 1.0 %

Shares of DOV stock opened at $169.50 on Thursday. The company has a market cap of $23.29 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.40 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $170.06 and its two-hundred day simple moving average is $152.71. Dover Co. has a 1 year low of $127.25 and a 1 year high of $178.28.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.44 by $0.01. Dover had a net margin of 12.52% and a return on equity of 25.95%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the firm earned $2.16 earnings per share. Dover’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts predict that Dover Co. will post 9.06 earnings per share for the current year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, February 28th. Dover’s dividend payout ratio (DPR) is presently 27.13%.

Analyst Ratings Changes

DOV has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Dover from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Barclays boosted their price target on Dover from $163.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada increased their price objective on Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, Oppenheimer boosted their price objective on shares of Dover from $175.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $173.88.

Insider Activity

In related news, Director Stephen M. Todd sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $171.19, for a total value of $256,785.00. Following the transaction, the director now owns 22,955 shares of the company’s stock, valued at $3,929,666.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Brad M. Cerepak sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the completion of the sale, the chief financial officer now owns 17,909 shares of the company’s stock, valued at approximately $3,164,699.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen M. Todd sold 1,500 shares of Dover stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the transaction, the director now directly owns 22,955 shares in the company, valued at $3,929,666.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,910 shares of company stock valued at $4,318,059. Corporate insiders own 1.30% of the company’s stock.

About Dover

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.