Wynn Capital LLC Invests $291,000 in Dover Co. (NYSE:DOV)

Wynn Capital LLC purchased a new position in Dover Co. (NYSE:DOV) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,890 shares of the industrial products company’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its stake in Dover by 783.3% during the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 188 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Dover in the 4th quarter worth $33,000. Life Planning Partners Inc purchased a new position in shares of Dover in the 4th quarter worth $35,000. Orion Capital Management LLC purchased a new position in shares of Dover in the 3rd quarter worth $32,000. Finally, Headinvest LLC bought a new position in Dover in the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DOV shares. Oppenheimer raised their price target on Dover from $177.00 to $187.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Barclays raised their price objective on Dover from $163.00 to $180.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Citigroup raised their price objective on Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Seaport Res Ptn upgraded Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Robert W. Baird lifted their price target on shares of Dover from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $175.13.

Insider Activity

In other Dover news, Director Stephen M. Todd sold 1,500 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total value of $256,785.00. Following the sale, the director now directly owns 22,955 shares of the company’s stock, valued at $3,929,666.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Dover news, Director Stephen M. Todd sold 1,500 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total value of $256,785.00. Following the sale, the director now directly owns 22,955 shares of the company’s stock, valued at $3,929,666.45. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brad M. Cerepak sold 18,410 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the sale, the chief financial officer now directly owns 23,909 shares in the company, valued at $3,897,406.09. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Dover Stock Down 0.5 %

Shares of DOV stock traded down $0.87 during trading hours on Wednesday, reaching $171.42. 1,287,471 shares of the company’s stock were exchanged, compared to its average volume of 950,182. The company has a market cap of $23.55 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. Dover Co. has a fifty-two week low of $127.25 and a fifty-two week high of $178.28. The stock’s 50 day moving average is $170.83 and its 200-day moving average is $153.72.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.16 billion. Dover had a net margin of 12.52% and a return on equity of 25.95%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.16 earnings per share. Analysts predict that Dover Co. will post 9.07 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, February 28th. Dover’s dividend payout ratio (DPR) is presently 27.13%.

About Dover

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.