Patton Albertson Miller Group LLC Buys 215 Shares of Dover Co. (NYSE:DOV)

Patton Albertson Miller Group LLC lifted its position in Dover Co. (NYSE:DOV) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,121 shares of the industrial products company’s stock after acquiring an additional 215 shares during the period. Patton Albertson Miller Group LLC’s holdings in Dover were worth $3,858,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DOV. LRI Investments LLC bought a new stake in shares of Dover in the 1st quarter worth approximately $28,000. Janus Henderson Group PLC boosted its holdings in Dover by 4.0% in the first quarter. Janus Henderson Group PLC now owns 23,316 shares of the industrial products company’s stock worth $4,129,000 after acquiring an additional 903 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of Dover in the first quarter worth $440,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Dover by 7.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,637 shares of the industrial products company’s stock valued at $1,176,000 after acquiring an additional 470 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in Dover by 44.1% in the 1st quarter. Tidal Investments LLC now owns 6,655 shares of the industrial products company’s stock worth $1,179,000 after purchasing an additional 2,038 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DOV has been the topic of several recent analyst reports. UBS Group assumed coverage on Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price on the stock. Wells Fargo & Company lifted their price objective on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Oppenheimer reissued an “outperform” rating and issued a $215.00 target price (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Mizuho raised their price target on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and an average price target of $208.40.

Insider Activity at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction that occurred on 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 owns 47,060 shares of the company’s stock, valued at $8,706,100. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction on 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 owns 12,324 shares in the company, valued at $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 company insiders.

Dover Stock Up 0.4 %

Shares of DOV stock opened at $205.63 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.06 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. The stock has a market cap of $28.21 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.75 and a beta of 1.22. The company has a 50 day simple moving average of $193.70 and a two-hundred day simple moving average of $185.61.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.00%. Dover’s dividend payout ratio is currently 18.43%.

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.