Cobblestone Capital Advisors LLC NY Grows Stock Holdings in Dover Co. (NYSE:DOV)

Cobblestone Capital Advisors LLC NY grew its stake in shares of Dover Co. (NYSE:DOV) by 5.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,736 shares of the industrial products company’s stock after acquiring an additional 150 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Dover were worth $525,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Dover during the 3rd quarter valued at $33,000. McClarren Financial Advisors Inc. increased its stake in shares of Dover by 4,400.0% during the second 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 period. Fairscale Capital LLC bought a new stake in shares of Dover in the second quarter valued at about $34,000. Ashton Thomas Private Wealth LLC purchased a new position in Dover during the 2nd quarter valued at about $41,000. Finally, Avior Wealth Management LLC raised its stake in Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DOV shares. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price target (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted 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, October 25th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a report on Monday, October 28th. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, UBS Group initiated coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.40.

Insider Buying and Selling

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. This trade represents a 54.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Dover Trading Down 0.0 %

NYSE:DOV opened at $205.90 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $195.11 and a 200-day simple moving average of $186.21. Dover Co. has a 12 month low of $139.93 and a 12 month high of $208.26. The company has a market capitalization of $28.25 billion, a P/E ratio of 18.42, a PEG ratio of 2.77 and a beta of 1.22.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, November 29th. Dover’s payout ratio is 18.43%.

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.