Stenger Family Office LLC Takes Position in Dover Corporation $DOV

Stenger Family Office LLC purchased a new position in Dover Corporation (NYSE:DOV) in the second quarter, Holdings Channel reports. The fund purchased 10,263 shares of the industrial products company’s stock, valued at approximately $1,870,000.

Other institutional investors also recently bought and sold shares of the company. AdvisorShares Investments LLC purchased a new position in shares of Dover in the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Dover by 122.4% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 93 shares in the last quarter. Harbour Investments Inc. increased 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 valued at $32,000 after purchasing an additional 60 shares during the last quarter. Truvestments Capital LLC raised its holdings in Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 171 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of Dover during the 2nd quarter worth approximately $33,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Dover Stock Up 0.2%

Shares of NYSE:DOV opened at $190.93 on Friday. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. 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 firm’s 50-day simple moving average is $176.45 and its 200-day simple moving average is $178.53. The company has a market cap of $26.19 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.48 and a beta of 1.31.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 EPS for the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. The firm had revenue of $1.78 billion during the quarter. As a group, equities research analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.52 dividend. The ex-dividend date is Friday, November 28th. This represents a $2.08 annualized dividend and a yield of 1.1%. Dover’s dividend payout ratio is presently 12.79%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dover in a research note on Monday. Morgan Stanley lifted their target price on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Wells Fargo & Company upped their target price on Dover from $180.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group set a $200.00 target price on shares of Dover in a research report on Friday, October 24th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Dover has an average rating of “Hold” and an average target price of $210.83.

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.