3,200 Shares in Dover Corporation $DOV Bought by Meramec Financial Planners LLC

Meramec Financial Planners LLC acquired a new stake in Dover Corporation (NYSE:DOV) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,200 shares of the industrial products company’s stock, valued at approximately $652,000.

Several other institutional investors have also added to or reduced their stakes in the business. IFG Advisory LLC increased its holdings in shares of Dover by 5.4% in the 3rd quarter. IFG Advisory LLC now owns 2,122 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 109 shares in the last quarter. Phoenix Financial Ltd. lifted its holdings in shares of Dover by 16.7% during the third quarter. Phoenix Financial Ltd. now owns 1,719 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 246 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Dover by 35.9% during the third quarter. William Blair Investment Management LLC now owns 2,925 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 772 shares in the last quarter. Allworth Financial LP boosted its position in shares of Dover by 11.6% during the third quarter. Allworth Financial LP now owns 4,445 shares of the industrial products company’s stock valued at $831,000 after buying an additional 461 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Dover by 8.2% during the third quarter. Russell Investments Group Ltd. now owns 123,126 shares of the industrial products company’s stock valued at $23,036,000 after buying an additional 9,342 shares during the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dover

In other Dover news, CEO Richard Tobin sold 86,440 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $214.86, for a total transaction of $18,572,498.40. Following the completion of the sale, the chief executive officer directly owned 212,855 shares in the company, valued at $45,734,025.30. The trade was a 28.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Dover Stock Performance

Shares of DOV stock traded up $0.09 on Friday, reaching $209.56. The stock had a trading volume of 1,010,502 shares, compared to its average volume of 1,443,070. The stock has a market cap of $27.87 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.10. Dover Corporation has a 1 year low of $177.87 and a 1 year high of $237.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.37 and a current ratio of 1.95. The company has a 50 day simple moving average of $196.51 and a 200 day simple moving average of $209.79.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $2.88 EPS for the quarter, topping the consensus estimate of $2.85 by $0.03. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Dover had a return on equity of 18.68% and a net margin of 13.60%. Dover’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.62 earnings per share. Equities research analysts expect that Dover Corporation will post 10.73 EPS for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a $0.5250 dividend. This represents a $2.10 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Dover’s dividend payout ratio (DPR) is presently 24.48%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several research analyst reports. Mizuho reduced their price objective on Dover from $270.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Citigroup upped their target price on shares of Dover from $266.00 to $268.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Royal Bank Of Canada raised their price target on shares of Dover from $216.00 to $219.00 and gave the company a “sector perform” rating in a report on Friday, October 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Dover from $229.00 to $233.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $238.60.

Dover Company Profile

Dover Corporation is a diversified manufacturer of equipment and components for industrial and commercial markets. Founded in 1955, the company has grown through a combination of product development and acquisitions and serves customers around the world. Dover’s businesses operate across areas including engineered products, clean energy and fueling, imaging and identification, pumps and process solutions, and climate and sustainability technologies. Its products include fueling and vehicle-service equipment, pumps and fluid-handling systems, packaging and marking equipment, and components used in industrial and commercial applications.