Cwm LLC Buys 19,155 Shares of Dover Corporation $DOV

Cwm LLC grew its stake in shares of Dover Corporation (NYSE:DOV) by 121.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 34,911 shares of the industrial products company’s stock after acquiring an additional 19,155 shares during the quarter. Cwm LLC’s holdings in Dover were worth $5,824,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Investments Inc. boosted its stake in Dover by 51.7% during the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in Dover by 0.9% in the second quarter. Kornitzer Capital Management Inc. KS now owns 6,911 shares of the industrial products company’s stock valued at $1,266,000 after purchasing an additional 60 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Dover by 4.9% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,282 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 60 shares during the period. Certuity LLC boosted its position in shares of Dover by 2.5% during the second quarter. Certuity LLC now owns 2,587 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 64 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in shares of Dover by 4.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 1,517 shares of the industrial products company’s stock valued at $253,000 after buying an additional 64 shares during the period. 84.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DOV. Morgan Stanley raised their price objective on Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised their price target on Dover from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada boosted their price objective on Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Robert W. Baird set a $235.00 price target on shares of Dover in a research note on Friday, October 24th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.64.

Insider Activity

In other news, CFO Christopher B. Woenker sold 1,627 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $186.04, for a total transaction of $302,687.08. Following the completion of the transaction, the chief financial officer directly owned 2,553 shares in the company, valued at $474,960.12. This represents a 38.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ivonne M. Cabrera sold 2,630 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the completion of the transaction, the senior vice president owned 72,968 shares of the company’s stock, valued at $13,922,294.40. The trade was a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Dover Stock Down 0.7%

NYSE:DOV opened at $197.72 on Wednesday. The stock has a 50-day simple moving average of $187.34 and a 200 day simple moving average of $180.75. Dover Corporation has a 52-week low of $143.04 and a 52-week high of $222.31. The company has a market cap of $27.12 billion, a PE ratio of 12.16, a PEG ratio of 1.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm had revenue of $1.78 billion during the quarter. On average, sell-side analysts expect that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, November 28th. Dover’s payout ratio is presently 12.79%.

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.