Schechter Investment Advisors LLC Acquires 372 Shares of Dover Co. (NYSE:DOV)

Schechter Investment Advisors LLC lifted its holdings in Dover Co. (NYSE:DOVFree Report) by 19.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,333 shares of the industrial products company’s stock after buying an additional 372 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Dover were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. HM Payson & Co. increased its position in Dover by 4.5% in the third quarter. HM Payson & Co. now owns 30,419 shares of the industrial products company’s stock worth $4,244,000 after purchasing an additional 1,318 shares during the period. Retirement Systems of Alabama increased its position in Dover by 480.7% in the third quarter. Retirement Systems of Alabama now owns 184,563 shares of the industrial products company’s stock worth $25,748,000 after purchasing an additional 152,778 shares during the period. LGT Group Foundation increased its position in Dover by 6.4% in the third quarter. LGT Group Foundation now owns 23,219 shares of the industrial products company’s stock worth $3,197,000 after purchasing an additional 1,405 shares during the period. Lincoln National Corp increased its position in Dover by 8.1% in the third quarter. Lincoln National Corp now owns 3,541 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 266 shares during the period. Finally, Ieq Capital LLC increased its position in Dover by 11.3% in the third quarter. Ieq Capital LLC now owns 5,824 shares of the industrial products company’s stock worth $813,000 after purchasing an additional 589 shares during the period. 83.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada lowered their price objective on Dover from $149.00 to $145.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 25th. Wells Fargo & Company boosted their target price on Dover from $140.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. decreased their target price on Dover from $171.00 to $162.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Oppenheimer decreased their target price on Dover from $177.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Finally, Citigroup boosted their target price on Dover from $167.00 to $173.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.92.

Check Out Our Latest Stock Report on DOV

Dover Trading Down 0.2 %

NYSE:DOV opened at $151.48 on Wednesday. Dover Co. has a fifty-two week low of $127.25 and a fifty-two week high of $160.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.58 and a quick ratio of 1.00. The stock has a market capitalization of $21.19 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.32. The business’s 50-day simple moving average is $147.66 and its 200-day simple moving average is $142.98.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, November 29th. Dover’s dividend payout ratio (DPR) is presently 28.02%.

Insider Activity

In other news, VP Anthony K. Kosinski sold 664 shares of Dover stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $141.64, for a total transaction of $94,048.96. Following the transaction, the vice president now owns 5,333 shares in the company, valued at approximately $755,366.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dover news, CFO Brad M. Cerepak sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $142.00, for a total value of $1,988,000.00. Following the sale, the chief financial officer now owns 35,938 shares in the company, valued at approximately $5,103,196. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anthony K. Kosinski sold 664 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $141.64, for a total value of $94,048.96. Following the completion of the sale, the vice president now owns 5,333 shares in the company, valued at approximately $755,366.12. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

About Dover

(Free Report)

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 aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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