Mather Group LLC. Sells 576 Shares of Dover Co. (NYSE:DOV)

Mather Group LLC. lessened its position in Dover Co. (NYSE:DOV) by 15.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,074 shares of the industrial products company’s stock after selling 576 shares during the period. Mather Group LLC.’s holdings in Dover were worth $473,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. increased its stake in Dover by 7.2% in the fourth quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company’s stock valued at $3,910,000 after purchasing an additional 1,718 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Dover by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock worth $85,612,000 after acquiring an additional 29,096 shares in the last quarter. Vest Financial LLC increased its position in shares of Dover by 35.7% during the fourth quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock worth $31,145,000 after acquiring an additional 53,273 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of Dover by 15.6% during the third quarter. Chartwell Investment Partners LLC now owns 6,733 shares of the industrial products company’s stock worth $939,000 after acquiring an additional 907 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Dover by 112.9% during the fourth quarter. SG Americas Securities LLC now owns 11,409 shares of the industrial products company’s stock worth $1,755,000 after acquiring an additional 6,050 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the subject of several research reports. Mizuho increased their price objective on shares of Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Oppenheimer increased their price objective on shares of Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Citigroup increased their price objective on shares of Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Company increased their price objective on shares of Dover from $177.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Seaport Res Ptn upgraded shares of Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $185.75.

Insider Buying and Selling at Dover

In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the completion of the sale, the chief financial officer now owns 23,909 shares in the company, valued at $3,897,406.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Brad M. Cerepak sold 6,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were 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 of the company’s stock, valued at $3,164,699.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brad M. Cerepak sold 18,410 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at $3,897,406.09. The disclosure for this sale can be found here. Insiders sold a total of 25,910 shares of company stock worth $4,318,059 over the last quarter. 1.30% of the stock is currently owned by insiders.

Dover Stock Performance

Shares of DOV opened at $177.85 on Thursday. Dover Co. has a 12 month low of $127.25 and a 12 month high of $182.33. The firm has a fifty day simple moving average of $172.50 and a 200 day simple moving average of $155.04. The stock has a market capitalization of $24.44 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.85 and a beta of 1.27. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Dover had a net margin of 17.28% and a return on equity of 25.04%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. Research analysts forecast that Dover Co. will post 9.1 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, February 28th. Dover’s dividend payout ratio is currently 19.60%.

Dover Company 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.