Dover (NYSE:DOV) Shares Purchased Rep. James Comer

Representative James Comer (R-Kentucky) recently bought shares of Dover Co. NYSE: DOV. In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Dover stock on January 2nd.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amphenol NYSE: APH on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/2/2025.

Dover Price Performance

Dover stock traded up $2.08 during midday trading on Wednesday, reaching $190.88. The company's stock had a trading volume of 843,414 shares, compared to its average volume of 766,013. 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 Co. has a fifty-two week low of $143.96 and a fifty-two week high of $208.26. The firm has a market capitalization of $26.19 billion, a PE ratio of 17.07, a P/E/G ratio of 2.70 and a beta of 1.23. The stock's 50 day simple moving average is $196.66 and its 200 day simple moving average is $188.77.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, November 29th. Dover's payout ratio is 18.43%.

Analysts Set New Price Targets

DOV has been the topic of a number of research analyst reports. Citigroup decreased their price objective on shares of Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a report on Monday. Wolfe Research upgraded Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a report on Monday, October 28th. Oppenheimer reiterated an "outperform" rating and set a $215.00 target price (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. StockNews.com cut Dover from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on shares of Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Dover presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.55.

Institutional Trading of Dover

Hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC grew its position in shares of Dover by 21.1% in the second quarter. Private Advisor Group LLC now owns 8,815 shares of the industrial products company's stock valued at $1,591,000 after purchasing an additional 1,536 shares during the period. Savant Capital LLC lifted its holdings in shares of Dover by 60.4% during the 2nd quarter. Savant Capital LLC now owns 2,497 shares of the industrial products company's stock worth $451,000 after acquiring an additional 940 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Dover in the second quarter worth approximately $634,000. Caprock Group LLC purchased a new stake in Dover in the second quarter valued at approximately $608,000. Finally, Ballentine Partners LLC increased its position in Dover by 7.8% during the second quarter. Ballentine Partners LLC now owns 1,884 shares of the industrial products company's stock worth $340,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer "instrumental in the final passage of a five-year farm bill," noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.