1,370 Shares in Dover Co. (NYSE:DOV) Bought by Prospera Financial Services Inc

Prospera Financial Services Inc bought a new position in shares of Dover Co. (NYSE:DOV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,370 shares of the industrial products company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers increased its position in Dover by 975.5% during the first quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company’s stock worth $4,410,000 after acquiring an additional 22,572 shares during the period. ORG Partners LLC increased its position in Dover by 1,414.2% during the second quarter. ORG Partners LLC now owns 4,255 shares of the industrial products company’s stock worth $754,000 after acquiring an additional 3,974 shares during the period. Swedbank AB bought a new position in Dover during the first quarter worth $1,581,000. QRG Capital Management Inc. increased its position in Dover by 10.8% during the second quarter. QRG Capital Management Inc. now owns 31,274 shares of the industrial products company’s stock worth $5,643,000 after acquiring an additional 3,051 shares during the period. Finally, Versor Investments LP bought a new position in Dover during the third quarter worth $1,920,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Up 0.4 %

Shares of NYSE DOV opened at $205.63 on Tuesday. The firm’s 50-day simple moving average is $193.70 and its 200 day simple moving average is $185.61. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.75 and a beta of 1.22. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a 12-month low of $137.73 and a 12-month high of $207.74.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.00%. Dover’s dividend payout ratio (DPR) is 18.43%.

Insider Buying and Selling

In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the company’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 transaction, the senior vice president now directly owns 47,060 shares in the company, valued at approximately $8,706,100. This represents a 2.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the chief financial officer now owns 12,324 shares in the company, valued at approximately $2,156,700. The trade was a 54.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DOV has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Barclays boosted their price target on shares of Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a report on Monday, October 28th. UBS Group initiated coverage on shares of Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target on the stock. Finally, StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.40.

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.