3,756 Shares in Dover Corporation $DOV Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC purchased a new stake in Dover Corporation (NYSE:DOV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,756 shares of the industrial products company’s stock, valued at approximately $668,000.

Several other hedge funds have also modified their holdings of DOV. AdvisorShares Investments LLC purchased a new stake in Dover during the 2nd quarter worth about $30,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Dover by 122.4% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock worth $31,000 after buying an additional 93 shares in the last quarter. Caldwell Trust Co acquired a new stake in Dover in the second quarter valued at approximately $31,000. Harbour Investments Inc. lifted its stake in Dover by 51.7% in the second quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. acquired a new position in Dover during the 2nd quarter worth approximately $33,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane initiated coverage on shares of Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 price objective for the company. Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Robert W. Baird set a $235.00 price objective on shares of Dover in a report on Friday, October 24th. UBS Group set a $256.00 price target on shares of Dover and gave the stock a “buy” rating in a research note on Sunday, January 4th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $199.00 price objective on shares of Dover in a report on Thursday, January 15th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus target price of $218.09.

Dover Stock Up 3.6%

DOV opened at $208.61 on Thursday. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The business has a 50 day moving average price of $194.65 and a two-hundred day moving average price of $183.11. The company has a quick ratio of 1.44, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The company has a market cap of $28.61 billion, a PE ratio of 12.83, a P/E/G ratio of 1.40 and a beta of 1.31.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.12. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. Dover had a return on equity of 17.62% and a net margin of 28.37%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $2.27 earnings per share. As a group, research analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 28th. Dover’s dividend payout ratio is currently 12.79%.

Insider Buying and Selling

In other news, SVP Ivonne M. Cabrera sold 2,630 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total value of $501,804.00. Following the completion of the sale, the senior vice president directly owned 72,968 shares of the company’s stock, valued at $13,922,294.40. This trade represents a 3.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher B. Woenker sold 1,627 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the transaction, the chief financial officer directly owned 2,553 shares in the company, valued at $474,960.12. This represents a 38.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by insiders.

Dover Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.