Marshall Financial Group LLC Takes $961,000 Position in Dover Corporation $DOV

Marshall Financial Group LLC acquired a new stake in Dover Corporation (NYSE:DOV) during the fourth quarter, Holdings Channel.com reports. The firm acquired 4,921 shares of the industrial products company’s stock, valued at approximately $961,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new position in Dover during the third quarter valued at approximately $25,000. Tompkins Financial Corp lifted its stake in shares of Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after buying an additional 77 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Dover by 122.4% during the 2nd 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 during the period. Caldwell Trust Co bought a new stake in shares of Dover during the 2nd quarter worth $31,000. Finally, Westside Investment Management Inc. grew its stake in Dover by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after buying an additional 114 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

NYSE:DOV opened at $209.41 on Monday. The firm’s 50-day moving average is $216.02 and its 200-day moving average is $193.75. The company has a market cap of $28.24 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.61 and a beta of 1.27. 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 52-week low of $143.04 and a 52-week high of $237.54.

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

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Dover’s dividend payout ratio (DPR) is presently 26.20%.

Insider Transactions at Dover

In related news, VP Girish Juneja sold 1,500 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total value of $346,155.00. Following the completion of the transaction, the vice president directly owned 8,422 shares of the company’s stock, valued at $1,943,544.94. This trade represents a 15.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard J. Tobin sold 76,997 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the completion of the sale, the chief executive officer directly owned 217,979 shares in the company, valued at $50,723,713.30. This trade represents a 26.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 82,497 shares of company stock valued at $19,196,277. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DOV. Citigroup reissued a “buy” rating on shares of Dover in a research report on Monday, January 12th. Royal Bank Of Canada raised their price target on Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. boosted their price objective on Dover from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Morgan Stanley set a $210.00 target price on Dover in a research note on Wednesday, February 4th. Finally, UBS Group set a $256.00 target price on Dover and gave the company a “buy” rating in a report on Sunday, January 4th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.67.

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.