Brad M. Cerepak Sells 34,972 Shares of Dover Co. (NYSE:DOV) Stock

Dover Co. (NYSE:DOVGet Rating) CFO Brad M. Cerepak sold 34,972 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $143.25, for a total value of $5,009,739.00. Following the completion of the sale, the chief financial officer now directly owns 73,878 shares of the company’s stock, valued at $10,583,023.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dover Trading Up 0.3 %

Shares of DOV stock opened at $140.76 on Friday. The stock’s fifty day moving average price is $148.41 and its two-hundred day moving average price is $136.89. The company has a market cap of $19.67 billion, a PE ratio of 18.94, a P/E/G ratio of 1.14 and a beta of 1.36. Dover Co. has a fifty-two week low of $114.49 and a fifty-two week high of $162.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.74 and a current ratio of 1.23.

Dover (NYSE:DOVGet Rating) last issued its earnings results on Tuesday, January 31st. The industrial products company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. Dover had a return on equity of 28.55% and a net margin of 12.52%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. Equities analysts predict that Dover Co. will post 9 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Monday, February 27th. Dover’s dividend payout ratio is presently 27.19%.

Institutional Investors Weigh In On Dover

Several hedge funds have recently modified their holdings of DOV. Fairfield Bush & CO. acquired a new stake in shares of Dover during the 1st quarter valued at $48,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Dover during the 1st quarter valued at $938,000. Raymond James Trust N.A. boosted its holdings in shares of Dover by 5.8% during the 1st quarter. Raymond James Trust N.A. now owns 5,645 shares of the industrial products company’s stock valued at $886,000 after acquiring an additional 310 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Dover by 6.5% during the 1st quarter. Vontobel Holding Ltd. now owns 9,126 shares of the industrial products company’s stock valued at $1,465,000 after acquiring an additional 561 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Dover by 6.1% during the 1st quarter. Sei Investments Co. now owns 140,560 shares of the industrial products company’s stock valued at $22,055,000 after acquiring an additional 8,054 shares in the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Dover in a research note on Thursday. They set a “buy” rating on the stock. Citigroup increased their target price on Dover from $175.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 6th. Mizuho increased their target price on Dover from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. The Goldman Sachs Group increased their target price on Dover from $139.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, December 15th. Finally, JPMorgan Chase & Co. increased their target price on Dover from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, February 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $159.75.

About Dover

(Get Rating)

Dover Corp. operates as a manufacturer and solutions provider delivering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services. It operates through the following segments: Engineered Products, Clean Energy and Fueling, Imaging and Identification, Pumps and Process Solutions, and Climate and Sustainability Technologies.

Featured Stories

Receive News & Ratings for Dover Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover and related companies with MarketBeat.com's FREE daily email newsletter.