Wynn Capital LLC Purchases New Stake in Dover Co. (NYSE:DOV)

Wynn Capital LLC purchased a new stake in Dover Co. (NYSE:DOV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,890 shares of the industrial products company’s stock, valued at approximately $291,000.

Several other hedge funds have also added to or reduced their stakes in DOV. CWM LLC lifted its stake in Dover by 14.5% in the third quarter. CWM LLC now owns 2,089 shares of the industrial products company’s stock valued at $291,000 after buying an additional 264 shares during the period. Arkadios Wealth Advisors lifted its stake in Dover by 18.0% in the third quarter. Arkadios Wealth Advisors now owns 1,645 shares of the industrial products company’s stock valued at $229,000 after buying an additional 251 shares during the period. Park Place Capital Corp lifted its stake in Dover by 18.8% in the third quarter. Park Place Capital Corp now owns 770 shares of the industrial products company’s stock valued at $107,000 after buying an additional 122 shares during the period. CX Institutional lifted its stake in Dover by 5.4% in the third quarter. CX Institutional now owns 4,861 shares of the industrial products company’s stock valued at $678,000 after buying an additional 251 shares during the period. Finally, Czech National Bank lifted its stake in Dover by 47.7% in the third quarter. Czech National Bank now owns 24,447 shares of the industrial products company’s stock valued at $3,411,000 after buying an additional 7,892 shares during the period. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup increased their target price on Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 8th. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Seaport Res Ptn raised Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Barclays raised their price target on Dover from $163.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer raised their price target on Dover from $177.00 to $187.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.13.

Insider Buying and Selling at Dover

In other news, CFO Brad M. Cerepak sold 6,000 shares of Dover stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the completion of the transaction, the chief financial officer now directly owns 17,909 shares in the company, valued at approximately $3,164,699.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Stephen M. Todd sold 1,500 shares of Dover stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the transaction, the director now directly owns 22,955 shares in the company, valued at approximately $3,929,666.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brad M. Cerepak sold 6,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 17,909 shares of the company’s stock, valued at $3,164,699.39. 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 ninety days. 1.30% of the stock is currently owned by corporate insiders.

Dover Stock Down 0.5 %

Dover stock traded down $0.87 during midday trading on Wednesday, reaching $171.42. The stock had a trading volume of 1,287,471 shares, compared to its average volume of 950,182. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.40. The firm’s fifty day simple moving average is $170.83 and its 200-day simple moving average is $153.72. The stock has a market capitalization of $23.55 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Dover Co. has a 1-year low of $127.25 and a 1-year high of $178.28.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $2.16 earnings per share. As a group, analysts expect that Dover Co. will post 9.07 EPS for the current fiscal year.

Dover Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.19%. Dover’s dividend payout ratio is 27.13%.

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.