Hancock Whitney Corp Purchases 232 Shares of Dover Co. (NYSE:DOV)

Hancock Whitney Corp grew its position in shares of Dover Co. (NYSE:DOV) by 3.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,486 shares of the industrial products company’s stock after acquiring an additional 232 shares during the quarter. Hancock Whitney Corp’s holdings in Dover were worth $1,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOV. LRI Investments LLC purchased a new position in shares of Dover in the 1st quarter worth $27,000. McClarren Financial Advisors Inc. grew its position in Dover by 4,400.0% in the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 176 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Dover during the third quarter worth approximately $33,000. Fairscale Capital LLC purchased a new stake in Dover during the second quarter valued at approximately $34,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Dover in the 2nd quarter valued at approximately $41,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Up 0.4 %

Shares of NYSE:DOV opened at $205.63 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $193.70 and its 200 day moving average is $185.61. The stock has a market cap of $28.21 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 2.75 and a beta of 1.22. Dover Co. has a 52-week low of $137.73 and a 52-week high of $207.74.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.00%. Dover’s dividend payout ratio is currently 18.43%.

Analysts Set New Price Targets

Several analysts recently weighed in on DOV shares. Wells Fargo & Company increased their price target on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Mizuho lifted their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Barclays increased their price objective on shares of Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their target price on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.40.

Insider Buying and Selling

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of 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 filing with the SEC, which is available at the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,156,700. This trade represents a 54.59 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.