Barlow Wealth Partners Inc. Makes New Investment in Dover Co. (NYSE:DOV)

Barlow Wealth Partners Inc. bought a new stake in Dover Co. (NYSE:DOV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,090 shares of the industrial products company’s stock, valued at approximately $321,000.

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of Dover during the third quarter worth about $32,000. Headinvest LLC acquired a new stake in Dover in the third quarter valued at $32,000. Exchange Traded Concepts LLC acquired a new position in Dover during the 4th quarter worth about $33,000. AdvisorNet Financial Inc increased its stake in shares of Dover by 783.3% in the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after buying an additional 188 shares during the period. Finally, Life Planning Partners Inc bought a new position in shares of Dover during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 0.1 %

NYSE DOV traded up $0.10 during mid-day trading on Tuesday, hitting $181.83. The company’s stock had a trading volume of 647,959 shares, compared to its average volume of 989,113. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The company’s 50 day simple moving average is $173.78 and its 200 day simple moving average is $156.19. Dover Co. has a twelve month low of $127.25 and a twelve month high of $183.43. The firm has a market capitalization of $24.99 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.84 and a beta of 1.25.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.88 by $0.07. Dover had a net margin of 17.28% and a return on equity of 25.04%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that Dover Co. will post 9.1 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.04 annualized dividend and a yield of 1.12%. Dover’s dividend payout ratio (DPR) is currently 19.60%.

Insider Buying and Selling at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total value of $3,001,014.10. Following the completion of the transaction, the chief financial officer now directly owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Stephen M. Todd sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the sale, the director now directly owns 22,955 shares in the company, valued at approximately $3,929,666.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the transaction, the chief financial officer now owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,910 shares of company stock worth $4,318,059. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the topic of several analyst reports. Robert W. Baird upped their target price on Dover from $185.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Seaport Res Ptn raised shares of Dover from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Wells Fargo & Company increased their price target on Dover from $177.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Royal Bank of Canada boosted their price objective on Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. Finally, StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.75.

About Dover

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.