Beck Mack & Oliver LLC Has $8.66 Million Stock Holdings in Dover Corporation $DOV

Beck Mack & Oliver LLC trimmed its position in Dover Corporation (NYSE:DOV) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,920 shares of the industrial products company’s stock after selling 2,688 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Dover were worth $8,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners acquired a new position in Dover during the third quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of 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 buying an additional 93 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of Dover in the second quarter valued at approximately $31,000. Westside Investment Management Inc. boosted its stake in shares of 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 acquiring an additional 114 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Dover by 371.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DOV shares. Barclays set a $206.00 price target on Dover in a research note on Monday, February 2nd. Wells Fargo & Company upped their price objective on shares of Dover from $205.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Oppenheimer increased their price objective on shares of Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $224.00 target price on shares of Dover in a report on Saturday, January 31st. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Dover Stock Performance

Shares of NYSE DOV opened at $203.91 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.79 and a quick ratio of 1.28. The firm has a market cap of $27.50 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.57 and a beta of 1.27. The stock’s fifty day moving average price is $215.11 and its two-hundred day moving average price is $192.52. Dover Corporation has a one year low of $143.04 and a one year high of $237.54.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 29th. The industrial products company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. Dover had a return on equity of 17.87% and a net margin of 13.52%.The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 earnings per share. On average, equities analysts forecast that Dover Corporation will post 9.45 EPS for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $0.52 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s payout ratio is 26.20%.

Insider Buying and Selling at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the completion of the sale, the senior vice president owned 72,188 shares of the company’s stock, valued at $16,836,407.24. The trade was a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $17,917,201.90. Following the transaction, the chief executive officer directly owned 217,979 shares in the company, valued at $50,723,713.30. This represents a 26.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 82,497 shares of company stock valued at $19,196,277 in the last quarter. Company insiders own 1.30% of the company’s stock.

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.