Captrust Financial Advisors Sells 705 Shares of Dover Co. (NYSE:DOV)

Captrust Financial Advisors reduced its position in shares of Dover Co. (NYSE:DOV) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,349 shares of the industrial products company’s stock after selling 705 shares during the period. Captrust Financial Advisors’ holdings in Dover were worth $7,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Dover in the 3rd quarter valued at approximately $33,000. McClarren Financial Advisors Inc. increased its holdings 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 valued at $32,000 after purchasing an additional 176 shares during the period. Fairscale Capital LLC acquired a new position in Dover during the 2nd quarter worth about $34,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Dover in the 2nd quarter valued at about $41,000. Finally, Avior Wealth Management LLC increased its stake in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Insider Activity at Dover

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the sale, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. The trade was a 54.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Dover Stock Performance

Shares of Dover stock opened at $204.79 on Tuesday. The business has a 50-day simple moving average of $195.11 and a 200 day simple moving average of $186.22. The firm has a market capitalization of $28.10 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.77 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a one year low of $141.18 and a one year high of $208.26.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s dividend payout ratio is currently 18.43%.

Analysts Set New Price Targets

DOV has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th. Oppenheimer restated an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. UBS Group assumed coverage on shares of Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Finally, Mizuho increased their price target on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.40.

Dover Company 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.