Cerity Partners LLC Increases Stock Holdings in Dover Co. (NYSE:DOV)

Cerity Partners LLC raised its stake in Dover Co. (NYSE:DOV - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,187 shares of the industrial products company's stock after purchasing an additional 2,592 shares during the period. Cerity Partners LLC's holdings in Dover were worth $10,390,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Raymond James Trust N.A. increased its position in Dover by 13.7% during the 3rd quarter. Raymond James Trust N.A. now owns 4,399 shares of the industrial products company's stock worth $843,000 after buying an additional 529 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Dover by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company's stock worth $155,566,000 after purchasing an additional 9,464 shares during the period. L & S Advisors Inc lifted its position in Dover by 23.6% during the third quarter. L & S Advisors Inc now owns 46,105 shares of the industrial products company's stock worth $8,840,000 after purchasing an additional 8,791 shares during the period. Avior Wealth Management LLC grew its stake in Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company's stock worth $49,000 after buying an additional 167 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Dover in the 3rd quarter valued at approximately $2,444,000. 84.46% of the stock is owned by institutional investors.

Dover Price Performance

Shares of DOV opened at $206.31 on Wednesday. The firm has a market cap of $28.30 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.76 and a beta of 1.22. Dover Co. has a 52-week low of $137.73 and a 52-week high of $207.74. The business's 50 day moving average price is $193.70 and its two-hundred day moving average price is $185.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 1.00%. The ex-dividend date of this dividend is Friday, November 29th. Dover's payout ratio is 18.43%.

Insider Activity

In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the completion of the sale, the senior vice president now owns 47,060 shares in the company, valued at approximately $8,706,100. The trade was a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

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

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.