Barrett & Company Inc. Sells 312 Shares of Dover Co. (NYSE:DOV)

Barrett & Company Inc. trimmed its stake in Dover Co. (NYSE:DOV) by 42.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 415 shares of the industrial products company’s stock after selling 312 shares during the quarter. Barrett & Company Inc.’s holdings in Dover were worth $80,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. LRI Investments LLC acquired a new stake in shares of Dover in the 1st quarter worth about $27,000. McClarren Financial Advisors Inc. raised its position in Dover by 4,400.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after buying an additional 176 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Dover in the 2nd quarter worth $34,000. Transcendent Capital Group LLC grew its position in Dover by 208.0% in the 1st quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 156 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Dover during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Insider Transactions at Dover

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction 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 completion of the sale, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,156,700. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,383 shares of company stock worth $8,169,883 over the last quarter. 1.30% of the stock is currently owned by insiders.

Dover Stock Up 1.9 %

DOV stock traded up $3.57 on Monday, reaching $190.55. 174,746 shares of the company traded hands, compared to its average volume of 976,552. Dover Co. has a one year low of $127.25 and a one year high of $195.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.53 and a quick ratio of 0.95. The firm has a fifty day simple moving average of $186.80 and a 200-day simple moving average of $182.28. The company has a market cap of $26.19 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.22.

Dover (NYSE:DOV) last issued its earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.15. Dover had a net margin of 17.58% and a return on equity of 24.94%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the company earned $2.05 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts anticipate that Dover Co. will post 9.18 earnings per share for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.08%. This is an increase from Dover’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, August 30th. Dover’s dividend payout ratio (DPR) is currently 19.79%.

Analyst Upgrades and Downgrades

DOV has been the subject of several research analyst reports. Mizuho raised their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird reissued an “outperform” rating and set a $208.00 price objective on shares of Dover in a report on Monday, July 22nd. Royal Bank of Canada raised their price objective on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Finally, Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $207.44.

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.