Dover Co. (NYSE:DOV) Shares Acquired by Swedbank AB

Swedbank AB boosted its position in shares of Dover Co. (NYSE:DOV) by 76.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,053 shares of the industrial products company’s stock after buying an additional 6,529 shares during the period. Swedbank AB’s holdings in Dover were worth $2,886,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in Dover during the first quarter worth approximately $27,000. McClarren Financial Advisors Inc. increased its position in 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. Ashton Thomas Securities LLC acquired a new position in Dover during the third quarter worth approximately $33,000. Fairscale Capital LLC acquired a new position in Dover during the second quarter worth approximately $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Dover during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 0.0 %

DOV opened at $206.44 on Thursday. The business’s fifty day moving average is $194.06 and its two-hundred day moving average is $185.76. 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 company has a market cap of $28.32 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.76 and a beta of 1.22. Dover Co. has a one year low of $137.73 and a one year high of $208.26.

Dover Announces Dividend

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

Insiders Place Their Bets

In other Dover news, 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on DOV. Barclays lifted their price target on Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a report on Monday, October 28th. Oppenheimer reissued an “outperform” rating and issued a $215.00 target price (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Finally, StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.