Dover Co. (NYSE:DOV) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its stake in Dover Co. (NYSE:DOV) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,816 shares of the industrial products company’s stock after buying an additional 202 shares during the quarter. Signaturefd LLC’s holdings in Dover were worth $587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. abrdn plc lifted its holdings in shares of Dover by 65.4% in the 4th quarter. abrdn plc now owns 64,405 shares of the industrial products company’s stock valued at $9,906,000 after buying an additional 25,464 shares during the period. Greenleaf Trust lifted its holdings in shares of Dover by 10.9% in the 4th quarter. Greenleaf Trust now owns 2,671 shares of the industrial products company’s stock valued at $411,000 after buying an additional 263 shares during the period. AIA Group Ltd acquired a new position in shares of Dover in the 4th quarter valued at about $1,161,000. Daiwa Securities Group Inc. lifted its holdings in shares of Dover by 5.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,366 shares of the industrial products company’s stock valued at $2,825,000 after buying an additional 942 shares during the period. Finally, Tyche Wealth Partners LLC acquired a new position in shares of Dover in the 4th quarter valued at about $372,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

NYSE:DOV opened at $172.19 on Wednesday. Dover Co. has a 12 month low of $127.25 and a 12 month high of $178.28. The stock has a 50 day moving average of $170.83 and a two-hundred day moving average of $153.72. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The firm has a market cap of $23.65 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27.

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

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.51 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.18%. Dover’s dividend payout ratio (DPR) is presently 27.13%.

Insider Activity

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Robert W. Baird lifted their price target on Dover from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Barclays lifted their price target on Dover from $163.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Citigroup lifted their price target on Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Oppenheimer lifted their price target on Dover from $177.00 to $187.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.13.

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.