Raymond James Trust N.A. Purchases 529 Shares of Dover Co. (NYSE:DOV)

Raymond James Trust N.A. grew its position in Dover Co. (NYSE:DOV) by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,399 shares of the industrial products company’s stock after acquiring an additional 529 shares during the period. Raymond James Trust N.A.’s holdings in Dover were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DOV. LRI Investments LLC acquired a new stake in shares of Dover in the first quarter valued at approximately $28,000. Janus Henderson Group PLC increased its holdings in shares of Dover by 4.0% in the first quarter. Janus Henderson Group PLC now owns 23,316 shares of the industrial products company’s stock valued at $4,129,000 after purchasing an additional 903 shares in the last quarter. Interval Partners LP acquired a new stake in shares of Dover in the first quarter valued at approximately $49,195,000. Dynasty Wealth Management LLC acquired a new stake in shares of Dover in the first quarter valued at approximately $440,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Dover by 7.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,637 shares of the industrial products company’s stock valued at $1,176,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 1.1 %

DOV opened at $204.74 on Monday. The stock has a market capitalization of $28.09 billion, a P/E ratio of 18.31, a P/E/G ratio of 2.72 and a beta of 1.22. Dover Co. has a 12 month low of $137.73 and a 12 month high of $205.06. The firm’s fifty day simple moving average is $193.32 and its 200 day simple moving average is $185.47. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Dover Dividend Announcement

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 given a $0.515 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.01%. Dover’s dividend payout ratio is currently 18.43%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DOV shares. UBS Group assumed coverage on shares of Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target for the company. Barclays lifted their target price on shares of Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted 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. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company boosted their price target on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.40.

Insider Activity at Dover

In other 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 value of $225,700.00. Following the sale, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. This represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,156,700. The trade was a 54.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.