Insigneo Advisory Services LLC Purchases 158 Shares of Dover Co. (NYSE:DOV)

Insigneo Advisory Services LLC raised its position in shares of Dover Co. (NYSE:DOV) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,944 shares of the industrial products company’s stock after acquiring an additional 158 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Dover were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Royal Capital Wealth Management LLC purchased a new stake in shares of Dover during the second quarter worth $203,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Dover by 57.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,313 shares of the industrial products company’s stock worth $4,748,000 after acquiring an additional 9,611 shares in the last quarter. Interval Partners LP lifted its position in shares of Dover by 110.0% during the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock worth $105,216,000 after acquiring an additional 305,436 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Dover by 1.3% during the second quarter. Bank of Montreal Can now owns 154,164 shares of the industrial products company’s stock worth $27,922,000 after acquiring an additional 1,920 shares in the last quarter. Finally, Lombard Odier Asset Management Europe Ltd raised its position in shares of Dover by 177.0% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 41,818 shares of the industrial products company’s stock worth $7,546,000 after buying an additional 26,722 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of NYSE:DOV opened at $193.03 on Friday. The firm has a market cap of $26.53 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The firm’s 50 day simple moving average is $182.11 and its 200-day simple moving average is $180.02. Dover Co. has a one year low of $127.25 and a one year high of $193.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.53.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.15. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.15 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. Dover’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $2.05 earnings per share. As a group, equities analysts predict that Dover Co. will post 9.17 EPS for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This is an increase from Dover’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, August 30th. Dover’s payout ratio is presently 19.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DOV shares. Robert W. Baird reiterated an “outperform” rating and issued a $208.00 price objective on shares of Dover in a research report on Monday, July 22nd. Royal Bank of Canada raised their price objective on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Wolfe Research raised Dover to a “hold” rating in a research note on Friday, September 20th. Finally, Mizuho raised their price objective on shares of Dover from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.63.

Insider Activity at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the transaction, the senior vice president now owns 47,060 shares of the company’s stock, valued at $8,706,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the completion of the sale, the senior vice president now owns 47,060 shares of the company’s stock, valued at $8,706,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the sale, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. The disclosure for this sale can be found here. Insiders sold 45,383 shares of company stock worth $8,169,883 over the last three months. 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.