Willis Johnson & Associates Inc. Takes Position in Dover Corporation $DOV

Willis Johnson & Associates Inc. purchased a new stake in shares of Dover Corporation (NYSE:DOV) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,438 shares of the industrial products company’s stock, valued at approximately $1,062,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Dover during the third quarter valued at about $25,000. Tompkins Financial Corp grew its stake in Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Caldwell Trust Co acquired a new stake in Dover during the 2nd quarter valued at approximately $31,000. Westside Investment Management Inc. increased its holdings in Dover by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 114 shares during the last quarter. Finally, Davis Capital Management acquired a new position in shares of Dover in the 3rd quarter valued at approximately $44,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DOV. Morgan Stanley set a $210.00 price target on shares of Dover in a research note on Wednesday, February 4th. Weiss Ratings upgraded shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. UBS Group set a $256.00 target price on shares of Dover and gave the company a “buy” rating in a research note on Sunday, January 4th. Finally, Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $226.54.

Dover Stock Up 0.6%

Shares of NYSE:DOV opened at $218.08 on Friday. The company’s fifty day moving average is $217.16 and its two-hundred day moving average is $196.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. Dover Corporation has a 1-year low of $154.38 and a 1-year high of $237.54. The stock has a market capitalization of $29.40 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.67 and a beta of 1.25.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. Dover had a net margin of 13.52% and a return on equity of 17.87%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 EPS. Equities analysts anticipate that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, February 27th. Dover’s dividend payout ratio is presently 26.20%.

Insider Buying and Selling

In related news, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total value of $17,917,201.90. Following the sale, the chief executive officer owned 217,979 shares of the company’s stock, valued at approximately $50,723,713.30. This trade represents a 26.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total value of $932,920.00. Following the transaction, the senior vice president owned 72,188 shares of the company’s stock, valued at approximately $16,836,407.24. The trade was a 5.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 82,497 shares of company stock valued at $19,196,277. Insiders own 1.30% of the company’s stock.

Dover Company 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.