Caerus Investment Advisors LLC Buys New Position in Dover Corporation $DOV

Caerus Investment Advisors LLC purchased a new position in shares of Dover Corporation (NYSE:DOV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,211 shares of the industrial products company’s stock, valued at approximately $536,000.

Several other large investors also recently bought and sold shares of the company. Captrust Financial Advisors lifted its position in shares of Dover by 2.6% during the third quarter. Captrust Financial Advisors now owns 45,728 shares of the industrial products company’s stock worth $7,629,000 after purchasing an additional 1,161 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Dover by 9.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,217 shares of the industrial products company’s stock valued at $870,000 after purchasing an additional 456 shares in the last quarter. Danske Bank A S purchased a new stake in Dover during the 3rd quarter worth $22,649,000. Caitong International Asset Management Co. Ltd lifted its holdings in Dover by 419.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 473 shares of the industrial products company’s stock worth $79,000 after buying an additional 382 shares in the last quarter. Finally, Palisade Asset Management LLC acquired a new position in Dover in the 3rd quarter worth $60,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 3.1%

NYSE:DOV opened at $213.92 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. The company has a market capitalization of $28.85 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27. Dover Corporation has a one year low of $143.04 and a one year high of $237.54. The stock has a 50-day simple moving average of $215.42 and a 200 day simple moving average of $193.02.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Dover had a return on equity of 17.87% and a net margin of 13.52%.Dover’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.20 earnings per share. Sell-side analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

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

Insiders Place Their Bets

In other news, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the completion of the transaction, the senior vice president directly owned 72,188 shares of the company’s stock, valued at approximately $16,836,407.24. The trade was a 5.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Girish Juneja sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.77, for a total transaction of $346,155.00. Following the sale, the vice president directly owned 8,422 shares of the company’s stock, valued at approximately $1,943,544.94. This represents a 15.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,497 shares of company stock valued at $19,196,277 over the last 90 days. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DOV shares. JPMorgan Chase & Co. raised their target price on Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Oppenheimer increased their price target on Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Royal Bank Of Canada raised their price objective on Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Barclays set a $206.00 target price on Dover in a research report on Monday, February 2nd. Finally, Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $225.67.

About Dover

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.