Dover Co. (NYSE:DOV) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lessened its stake in shares of Dover Co. (NYSE:DOV) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,978 shares of the industrial products company’s stock after selling 1,210 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Dover were worth $9,840,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Dover during the 3rd quarter valued at $32,000. Headinvest LLC acquired a new stake in Dover during the 3rd quarter valued at $32,000. Exchange Traded Concepts LLC acquired a new stake in Dover during the 4th quarter valued at $33,000. AdvisorNet Financial Inc grew its holdings 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 buying an additional 188 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new stake in Dover during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on DOV shares. Oppenheimer increased their target price on Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a report on Friday. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Seaport Res Ptn upgraded Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Royal Bank of Canada raised their price objective on Dover from $146.00 to $153.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. Finally, Mizuho raised their price objective on Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $185.75.

Insiders Place Their Bets

In other news, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now directly owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Brad M. Cerepak sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the completion of the transaction, the chief financial officer now directly owns 17,909 shares in the company, valued at $3,164,699.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brad M. Cerepak sold 18,410 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total value of $3,001,014.10. Following the transaction, the chief financial officer now owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The disclosure for this sale can be found here. Insiders have sold a total of 25,910 shares of company stock worth $4,318,059 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Dover Trading Up 0.6 %

Dover stock traded up $1.06 during midday trading on Friday, reaching $180.17. The stock had a trading volume of 1,104,009 shares, compared to its average volume of 968,794. Dover Co. has a twelve month low of $127.25 and a twelve month high of $181.49. The stock has a market capitalization of $24.75 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.40. The stock’s 50-day simple moving average is $171.75 and its 200 day simple moving average is $154.29.

Dover (NYSE:DOV) last issued its earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Dover had a return on equity of 25.95% and a net margin of 12.52%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts expect that Dover Co. will post 9.07 EPS for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, February 28th. Dover’s dividend payout ratio is presently 27.13%.

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.