10,000 Shares in Dover Co. (NYSE:DOV) Purchased by Jade Capital Advisors LLC

Jade Capital Advisors LLC acquired a new stake in Dover Co. (NYSE:DOV) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,000 shares of the industrial products company’s stock, valued at approximately $1,917,000. Dover accounts for 1.2% of Jade Capital Advisors LLC’s portfolio, making the stock its 26th largest holding.

Other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in Dover by 5.4% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,213 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 62 shares in the last quarter. Valmark Advisers Inc. boosted its position in shares of Dover by 1.6% in the second quarter. Valmark Advisers Inc. now owns 3,962 shares of the industrial products company’s stock valued at $715,000 after acquiring an additional 63 shares during the period. Mather Group LLC. increased its holdings in Dover by 2.3% during the 2nd quarter. Mather Group LLC. now owns 3,145 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 71 shares during the period. PFG Investments LLC grew its position in shares of Dover by 3.9% during the 2nd quarter. PFG Investments LLC now owns 1,951 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 74 shares in the last quarter. Finally, Bill Few Associates Inc. increased its holdings in shares of Dover by 3.6% in the third quarter. Bill Few Associates Inc. now owns 2,325 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 80 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOV has been the subject of several recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $215.00 price objective (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Robert W. Baird reissued an “outperform” rating and issued a $208.00 price target on shares of Dover in a report on Monday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Wolfe Research raised Dover to a “hold” rating in a research note on Friday, September 20th. Finally, Barclays increased their price objective on Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $198.75.

Insider Buying and Selling

In other news, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now directly owns 182,928 shares in the company, valued at $33,285,578.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the transaction, the senior vice president now owns 47,060 shares in the company, valued at approximately $8,706,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the sale, the chief executive officer now directly owns 182,928 shares in the company, valued at approximately $33,285,578.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,383 shares of company stock worth $8,169,883 in the last 90 days. Insiders own 1.30% of the company’s stock.

Dover Price Performance

Shares of Dover stock opened at $192.68 on Tuesday. The company has a market cap of $26.48 billion, a PE ratio of 18.51, a P/E/G ratio of 2.20 and a beta of 1.22. The business has a 50 day moving average of $185.58 and a 200 day moving average of $181.78. Dover Co. has a 52 week low of $127.25 and a 52 week high of $195.68. The company has a quick ratio of 0.95, a current ratio of 1.53 and a debt-to-equity ratio of 0.55.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.15. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. Dover had a return on equity of 24.94% and a net margin of 17.58%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.07%. This is a positive change from Dover’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, August 30th. Dover’s dividend payout ratio (DPR) is presently 19.79%.

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.