Wolverine Asset Management LLC Takes $1.08 Million Position in Dover Co. (NYSE:DOV)

Wolverine Asset Management LLC purchased a new position in shares of Dover Co. (NYSE:DOV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,000 shares of the industrial products company's stock, valued at approximately $1,077,000.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Dover during the 4th quarter worth about $66,000. RWA Wealth Partners LLC acquired a new position in shares of Dover during the fourth quarter worth approximately $659,000. Stock Yards Bank & Trust Co. raised its position in Dover by 7.1% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 26,377 shares of the industrial products company's stock valued at $4,057,000 after buying an additional 1,741 shares during the last quarter. Brendel Financial Advisors LLC purchased a new position in Dover during the 4th quarter worth $3,964,000. Finally, CWM LLC grew its position in Dover by 14.5% in the 4th quarter. CWM LLC now owns 2,391 shares of the industrial products company's stock worth $368,000 after purchasing an additional 302 shares in the last quarter. Institutional investors own 84.46% of the company's stock.

Dover Trading Up 0.6 %

NYSE:DOV traded up $1.06 during midday trading on Friday, reaching $180.17. 1,104,050 shares of the stock traded hands, compared to its average volume of 968,794. The stock has a market capitalization of $24.75 billion, a P/E ratio of 24.07, a PEG ratio of 1.78 and a beta of 1.27. The company has a fifty day moving average of $171.37 and a 200 day moving average of $154.02. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.40. Dover Co. has a 12 month low of $127.25 and a 12 month high of $181.49.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.88 by $0.07. Dover had a net margin of 12.52% and a return on equity of 25.95%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business earned $1.94 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts predict that Dover Co. will post 9.07 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, February 28th. Dover's dividend payout ratio is currently 27.13%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DOV. Mizuho upped their price target on Dover from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Friday. Citigroup upped their price target on shares of Dover from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Royal Bank of Canada boosted their target price on shares of Dover from $146.00 to $153.00 and gave the company a "sector perform" rating in a report on Friday, February 2nd. StockNews.com cut Dover from a "buy" rating to a "hold" rating in a research report on Friday, March 22nd. Finally, Robert W. Baird increased their price objective on Dover from $185.00 to $208.00 and gave the stock an "outperform" rating in a report on Friday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Dover presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.75.

Insiders Place Their Bets

In related news, CFO Brad M. Cerepak sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total value of $1,060,260.00. Following the sale, the chief financial officer now directly owns 17,909 shares in the company, valued at $3,164,699.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total value of $1,060,260.00. Following the completion of the sale, the chief financial officer now directly owns 17,909 shares in the company, valued at approximately $3,164,699.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brad M. Cerepak sold 18,410 shares of the business's stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 23,909 shares of the company's stock, valued at $3,897,406.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,910 shares of company stock worth $4,318,059. Company insiders own 1.30% of the company's stock.

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.