Quest Partners LLC Increases Stock Position in Dover Co. (NYSE:DOV)

Quest Partners LLC raised its position in shares of Dover Co. (NYSE:DOV - Free Report) by 513,400.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,135 shares of the industrial products company's stock after purchasing an additional 5,134 shares during the period. Quest Partners LLC's holdings in Dover were worth $985,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in Dover during the first quarter valued at about $27,000. McClarren Financial Advisors Inc. increased its holdings in shares of Dover by 4,400.0% in the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company's stock worth $32,000 after buying an additional 176 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Dover in the third quarter worth about $33,000. Fairscale Capital LLC purchased a new position in shares of Dover in the second quarter worth about $34,000. Finally, Transcendent Capital Group LLC increased its holdings in shares of Dover by 208.0% in the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company's stock worth $41,000 after buying an additional 156 shares during the period. Hedge funds and other institutional investors own 84.46% of the company's stock.

Insider Transactions at Dover

In other news, SVP Ivonne M. Cabrera sold 1,220 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the sale, the senior vice president now directly owns 47,060 shares of the company's stock, valued at $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 is available through the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,156,700. This represents a 54.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DOV shares. UBS Group started coverage on Dover in a report on Wednesday, November 13th. They issued a "neutral" rating and a $217.00 price objective on the stock. Wolfe Research upgraded Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price objective on the stock in a report on Monday, October 28th. StockNews.com raised Dover from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their target price on Dover from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research note on Monday, September 30th. Finally, Barclays raised their target price on Dover from $186.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Dover presently has an average rating of "Moderate Buy" and an average target price of $208.40.

Dover Stock Performance

Dover stock opened at $198.13 on Thursday. The stock's 50 day simple moving average is $192.61 and its two-hundred day simple moving average is $185.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The stock has a market cap of $27.18 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.70 and a beta of 1.22. Dover Co. has a fifty-two week low of $137.38 and a fifty-two week high of $204.93.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.515 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.04%. Dover's dividend payout ratio is currently 18.43%.

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.