Wealthspire Advisors LLC Has $1.54 Million Position in Dover Co. (NYSE:DOV)

Wealthspire Advisors LLC lessened its position in Dover Co. (NYSE:DOV) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,039 shares of the industrial products company’s stock after selling 80 shares during the quarter. Wealthspire Advisors LLC’s holdings in Dover were worth $1,544,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DOV. AdvisorNet Financial Inc increased its position in shares of Dover by 783.3% in the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 188 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Dover during the 4th quarter worth approximately $33,000. Life Planning Partners Inc bought a new stake in shares of Dover during the 4th quarter worth approximately $35,000. Orion Capital Management LLC bought a new position in shares of Dover in the third quarter valued at $32,000. Finally, Headinvest LLC acquired a new position in Dover during the third quarter worth $32,000. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Mizuho increased their price target on shares of Dover from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Seaport Res Ptn upgraded Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Citigroup boosted their target price on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Oppenheimer upped their price objective on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Dover Stock Performance

Dover stock traded up $1.20 during midday trading on Thursday, hitting $184.95. The company’s stock had a trading volume of 792,059 shares, compared to its average volume of 987,410. The company has a 50-day moving average price of $174.52 and a two-hundred day moving average price of $156.71. Dover Co. has a 1-year low of $127.25 and a 1-year high of $185.01. The company has a market cap of $25.42 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.84 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.89.

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

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, May 30th. Dover’s dividend payout ratio (DPR) is presently 19.60%.

Insider Buying and Selling

In other news, CFO Brad M. Cerepak sold 18,410 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at approximately $3,897,406.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Brad M. Cerepak sold 18,410 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was 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 owns 23,909 shares of the company’s stock, valued at approximately $3,897,406.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brad M. Cerepak sold 6,000 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 17,909 shares in the company, valued at $3,164,699.39. The disclosure for this sale can be found here. Insiders sold 25,910 shares of company stock valued at $4,318,059 over the last quarter. 1.30% of the stock is owned by company insiders.

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.