Bartlett & Co. LLC boosted its holdings in shares of Dover Corp (NYSE:DOV) by 48.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,518 shares of the industrial products company’s stock after buying an additional 1,468 shares during the quarter. Bartlett & Co. LLC’s holdings in Dover were worth $450,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Horan Capital Advisors LLC. bought a new stake in Dover during the third quarter valued at about $25,000. Coastal Investment Advisors Inc. boosted its holdings in Dover by 154.4% during the second quarter. Coastal Investment Advisors Inc. now owns 262 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 159 shares during the period. Shamrock Asset Management LLC bought a new stake in Dover during the second quarter valued at about $26,000. Krane Funds Advisors LLC bought a new stake in Dover during the second quarter valued at about $26,000. Finally, Sandy Spring Bank bought a new stake in Dover during the third quarter valued at about $26,000. 86.21% of the stock is currently owned by hedge funds and other institutional investors.

DOV stock opened at $109.35 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.42 and a quick ratio of 0.97. The company has a 50-day moving average of $100.68 and a two-hundred day moving average of $96.88. Dover Corp has a 52-week low of $65.83 and a 52-week high of $110.81. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.63 and a beta of 1.49.

Dover (NYSE:DOV) last released its earnings results on Thursday, October 17th. The industrial products company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.09. Dover had a net margin of 9.08% and a return on equity of 29.62%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company earned $1.36 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Equities analysts expect that Dover Corp will post 5.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.79%. Dover’s payout ratio is presently 39.44%.

In related news, Director Kristiane C. Graham sold 1,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $109.57, for a total value of $109,570.00. Following the completion of the sale, the director now owns 356,704 shares in the company, valued at $39,084,057.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brad M. Cerepak sold 9,918 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $90.93, for a total transaction of $901,843.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,514 shares of company stock valued at $2,439,945. 1.70% of the stock is owned by corporate insiders.

A number of research firms have issued reports on DOV. ValuEngine upgraded shares of Dover from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Dover from $82.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Barclays upped their price target on shares of Dover from $112.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Citigroup upped their price target on shares of Dover from $113.00 to $115.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Zacks Investment Research upgraded shares of Dover from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $101.84.

Dover Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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