12,465 Shares in Dover Co. (NYSE:DOV) Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC purchased a new position in Dover Co. (NYSE:DOV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,465 shares of the industrial products company's stock, valued at approximately $1,917,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Adage Capital Partners GP L.L.C. grew its holdings in Dover by 160.2% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,428,710 shares of the industrial products company's stock valued at $199,319,000 after buying an additional 879,533 shares during the last quarter. Wellington Management Group LLP lifted its position in Dover by 2,173.8% during the third quarter. Wellington Management Group LLP now owns 817,125 shares of the industrial products company's stock worth $113,997,000 after buying an additional 781,189 shares during the period. FMR LLC boosted its stake in Dover by 10.5% in the 3rd quarter. FMR LLC now owns 2,390,670 shares of the industrial products company's stock worth $333,522,000 after buying an additional 226,646 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Dover by 53.1% during the 3rd quarter. Nordea Investment Management AB now owns 528,857 shares of the industrial products company's stock valued at $74,415,000 after acquiring an additional 183,529 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Dover by 480.7% during the 3rd quarter. Retirement Systems of Alabama now owns 184,563 shares of the industrial products company's stock worth $25,748,000 after acquiring an additional 152,778 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Insider Buying and Selling at Dover

In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the company'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 directly owns 23,909 shares of the company's stock, valued at approximately $3,897,406.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the company'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 directly owns 23,909 shares of the company's stock, valued at approximately $3,897,406.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen M. Todd sold 1,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 22,955 shares in the company, valued at $3,929,666.45. The disclosure for this sale can be found here. Insiders have sold a total of 25,910 shares of company stock valued at $4,318,059 in the last three months. Corporate insiders own 1.30% of the company's stock.

Dover Stock Up 0.8 %

Dover stock traded up $1.44 during midday trading on Friday, hitting $178.99. 1,273,495 shares of the company were exchanged, compared to its average volume of 1,097,850. The company's fifty day moving average price is $173.44 and its 200-day moving average price is $155.72. The company has a market cap of $24.60 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.89. Dover Co. has a fifty-two week low of $127.25 and a fifty-two week high of $182.33.

Dover (NYSE:DOV - Get Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.07. Dover had a return on equity of 25.04% and a net margin of 17.28%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company posted $1.94 EPS. Dover's quarterly revenue was up .7% on a year-over-year basis. On average, research analysts predict that Dover Co. will post 9.1 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.14%. Dover's payout ratio is 19.60%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DOV shares. Seaport Res Ptn raised shares of Dover from a "neutral" rating to a "buy" rating in a research note on Monday, February 5th. Royal Bank of Canada upped their price target on Dover from $146.00 to $153.00 and gave the stock a "sector perform" rating in a research note on Friday, February 2nd. Robert W. Baird lifted their price objective on Dover from $185.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Dover from $177.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Finally, Mizuho lifted their price target on shares of Dover from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.75.

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.