Clear Harbor Asset Management LLC Purchases 198 Shares of Dover Co. (NYSE:DOV)

Clear Harbor Asset Management LLC grew its position in Dover Co. (NYSE:DOV) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,206 shares of the industrial products company’s stock after purchasing an additional 198 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Dover were worth $6,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Forsta AP Fonden boosted its position in shares of Dover by 17.7% in the third quarter. Forsta AP Fonden now owns 34,500 shares of the industrial products company’s stock worth $6,615,000 after purchasing an additional 5,200 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Dover by 20.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,108 shares of the industrial products company’s stock worth $2,913,000 after purchasing an additional 2,565 shares during the period. Allworth Financial LP boosted its position in shares of Dover by 17.7% in the third quarter. Allworth Financial LP now owns 2,493 shares of the industrial products company’s stock worth $478,000 after purchasing an additional 375 shares during the period. Cromwell Holdings LLC boosted its position in shares of Dover by 50.5% in the third quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 105 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its position in shares of Dover by 14.1% in the third quarter. Joel Isaacson & Co. LLC now owns 4,050 shares of the industrial products company’s stock worth $777,000 after purchasing an additional 500 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DOV. Wolfe Research raised shares of Dover to a “hold” rating in a report on Friday, September 20th. JPMorgan Chase & Co. boosted their target price on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday. 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. Mizuho boosted their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Barclays boosted their target price on shares of Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $205.00.

Dover Trading Up 1.2 %

DOV stock opened at $186.98 on Friday. The company has a market capitalization of $25.70 billion, a PE ratio of 17.96, a P/E/G ratio of 2.20 and a beta of 1.22. Dover Co. has a 12 month low of $127.25 and a 12 month high of $195.68. The firm’s 50-day moving average is $186.80 and its 200 day moving average is $182.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.53 and a quick ratio of 0.95.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.16 by $0.11. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. On average, research analysts anticipate that Dover Co. will post 9.18 EPS for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.515 per share. This is an increase from Dover’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. Dover’s dividend payout ratio (DPR) is 19.79%.

Insider Buying and Selling at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the transaction, the senior vice president now owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Brad M. Cerepak sold 4,341 shares of Dover stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $184.59, for a total value of $801,305.19. Following the completion of the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,274,887.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 47,060 shares of the company’s stock, valued at $8,706,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,383 shares of company stock valued at $8,169,883. Company 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.