Dover Co. (NYSE:DOV) Shares Bought by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC grew its stake in Dover Co. (NYSE:DOV) by 14.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,050 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. Joel Isaacson & Co. LLC’s holdings in Dover were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Valmark Advisers Inc. increased its stake in shares of Dover by 1.6% in the 2nd quarter. Valmark Advisers Inc. now owns 3,962 shares of the industrial products company’s stock worth $715,000 after acquiring an additional 63 shares during the last quarter. Mather Group LLC. raised its stake in Dover by 2.3% during the second quarter. Mather Group LLC. now owns 3,145 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 71 shares during the period. PFG Investments LLC boosted its holdings in Dover by 3.9% in the 2nd quarter. PFG Investments LLC now owns 1,951 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 74 shares during the last quarter. Bill Few Associates Inc. boosted its holdings in Dover by 3.6% in the 3rd quarter. Bill Few Associates Inc. now owns 2,325 shares of the industrial products company’s stock valued at $446,000 after purchasing an additional 80 shares during the last quarter. Finally, CX Institutional grew its stake in shares of Dover by 1.7% in the 2nd quarter. CX Institutional now owns 5,095 shares of the industrial products company’s stock valued at $919,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 1.2 %

Shares of NYSE DOV opened at $186.93 on Friday. The business’s fifty day simple moving average is $186.80 and its 200-day simple moving average is $182.19. The company has a current ratio of 1.53, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Dover Co. has a 12-month low of $127.25 and a 12-month high of $195.68. The stock has a market cap of $25.69 billion, a P/E ratio of 17.96, a PEG ratio of 2.20 and a beta of 1.22.

Dover (NYSE:DOV) last issued its earnings results on Thursday, October 24th. The industrial products company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.11. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. As a group, equities analysts predict that Dover Co. will post 9.18 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Dover’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. Dover’s payout ratio is 19.79%.

Insider Transactions at Dover

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction that occurred 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 transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at $2,156,700. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares in the company, valued at approximately $2,156,700. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the sale, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at $8,706,100. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,383 shares of company stock worth $8,169,883. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on DOV shares. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price objective (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Mizuho upped their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Wolfe Research raised Dover to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird reaffirmed an “outperform” rating and set a $208.00 target price on shares of Dover in a research note on Monday, July 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.00.

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.