Dover Co. (NYSE:DOV) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel lessened its holdings in shares of Dover Co. (NYSE:DOV) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,448 shares of the industrial products company’s stock after selling 318 shares during the period. Aurora Investment Counsel’s holdings in Dover were worth $2,003,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Dover during the first quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new position in Dover in the 3rd quarter valued at approximately $33,000. McClarren Financial Advisors Inc. boosted its position in Dover by 4,400.0% during the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 176 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Dover in the second quarter valued at $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Dover in the 2nd quarter worth about $41,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of NYSE DOV opened at $198.13 on Thursday. Dover Co. has a 12-month low of $137.38 and a 12-month high of $204.93. 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 company has a market cap of $27.18 billion, a PE ratio of 17.72, a P/E/G ratio of 2.67 and a beta of 1.22. The stock has a 50 day simple moving average of $192.61 and a 200-day simple moving average of $185.15.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s payout ratio is currently 18.43%.

Insider Activity at Dover

In other news, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total value of $225,700.00. Following the transaction, the senior vice president now owns 47,060 shares of the company’s stock, valued at $8,706,100. The trade was a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction on Friday, September 6th. The shares were 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. This represents a 54.59 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DOV shares. Royal Bank of Canada upped their target price on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Mizuho increased their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Barclays boosted their price target on Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. 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 report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised their target price on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $208.40.

Dover 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.