Vanguard Personalized Indexing Management LLC Purchases 2,425 Shares of Dover Co. (NYSE:DOV)

Vanguard Personalized Indexing Management LLC lifted its holdings in Dover Co. (NYSE:DOV) by 20.6% during the 2nd quarter, Holdings Channel reports. The fund owned 14,208 shares of the industrial products company’s stock after acquiring an additional 2,425 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Dover were worth $2,511,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. LRI Investments LLC acquired a new position in Dover in the first quarter worth $27,000. McClarren Financial Advisors Inc. grew its holdings in Dover by 4,400.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 176 shares during the last quarter. Transcendent Capital Group LLC raised its stake in shares of Dover by 208.0% in the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 156 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Dover during the second quarter worth approximately $41,000. Finally, North Star Investment Management Corp. grew its stake in shares of Dover by 93.0% during the first quarter. North Star Investment Management Corp. now owns 249 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 120 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Down 1.1 %

NYSE:DOV opened at $189.12 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.53 and a debt-to-equity ratio of 0.55. Dover Co. has a 12-month low of $127.25 and a 12-month high of $192.31. The stock’s fifty day simple moving average is $181.73 and its 200-day simple moving average is $179.28. The firm has a market capitalization of $25.99 billion, a P/E ratio of 18.17, a P/E/G ratio of 2.17 and a beta of 1.22.

Dover (NYSE:DOV) last issued its earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.15. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Dover had a return on equity of 24.94% and a net margin of 17.58%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 earnings per share. Equities research analysts expect that Dover Co. will post 9.17 earnings per share for the current year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Dover’s previous quarterly dividend of $0.51. Dover’s dividend payout ratio is presently 19.79%.

Insiders Place Their Bets

In other news, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Richard J. Tobin sold 25,004 shares of Dover stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the transaction, the chief executive officer now owns 182,928 shares in the company, valued at approximately $33,285,578.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at $2,156,700. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,383 shares of company stock worth $8,169,883. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DOV. Robert W. Baird restated an “outperform” rating and issued a $208.00 price objective on shares of Dover in a research report on Monday, July 22nd. Mizuho upped their price target on Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada lifted their price objective on Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.63.

Dover Company 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.