Greenleaf Trust Has $411,000 Position in Dover Co. (NYSE:DOV)

Greenleaf Trust grew its holdings in shares of Dover Co. (NYSE:DOV) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,671 shares of the industrial products company’s stock after acquiring an additional 263 shares during the period. Greenleaf Trust’s holdings in Dover were worth $411,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Dover during the 3rd quarter worth about $32,000. Headinvest LLC bought a new position in shares of Dover during the 3rd quarter worth about $32,000. Exchange Traded Concepts LLC bought a new position in shares of Dover during the 4th quarter worth about $33,000. AdvisorNet Financial Inc boosted its position in shares of Dover by 783.3% during the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 188 shares in the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Dover during the 4th quarter worth about $35,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the sale, the chief financial officer now owns 23,909 shares in the company, valued at approximately $3,897,406.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Brad M. Cerepak sold 18,410 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the sale, the chief financial officer now owns 23,909 shares in the company, valued at approximately $3,897,406.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brad M. Cerepak sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the sale, the chief financial officer now owns 17,909 shares of the company’s stock, valued at approximately $3,164,699.39. The disclosure for this sale can be found here. Insiders sold a total of 25,910 shares of company stock worth $4,318,059 in the last quarter. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DOV shares. Oppenheimer increased their price objective on shares of Dover from $177.00 to $187.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Barclays raised their price target on shares of Dover from $163.00 to $180.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Robert W. Baird raised their price target on shares of Dover from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Seaport Res Ptn raised shares of Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Royal Bank of Canada raised their price target on shares of Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.13.

Dover Trading Up 1.1 %

NYSE:DOV opened at $172.19 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.40. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. Dover Co. has a 52 week low of $127.25 and a 52 week high of $178.28. The firm has a 50-day moving average price of $170.83 and a two-hundred day moving average price of $153.72.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.44 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.16 billion. Dover had a net margin of 12.52% and a return on equity of 25.95%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.16 EPS. On average, equities analysts expect that Dover Co. will post 9.06 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.51 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.18%. Dover’s payout ratio is currently 27.13%.

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.