Etesian Wealth Advisors Inc. Has $1.96 Million Stake in Dover Co. (NYSE:DOV)

Etesian Wealth Advisors Inc. decreased its position in Dover Co. (NYSE:DOV) by 4.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,202 shares of the industrial products company’s stock after selling 521 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Dover were worth $1,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Dover by 27.4% in the first quarter. BNP Paribas Financial Markets now owns 166,211 shares of the industrial products company’s stock valued at $29,451,000 after purchasing an additional 35,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Dover by 14.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,659 shares of the industrial products company’s stock valued at $35,909,000 after purchasing an additional 25,562 shares in the last quarter. SG Americas Securities LLC increased its stake in Dover by 75.1% in the first quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company’s stock valued at $3,539,000 after purchasing an additional 8,563 shares in the last quarter. Cetera Investment Advisers increased its stake in Dover by 975.5% in the first quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company’s stock valued at $4,410,000 after purchasing an additional 22,572 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Dover by 56.6% in the first quarter. Oppenheimer & Co. Inc. now owns 13,175 shares of the industrial products company’s stock valued at $2,334,000 after purchasing an additional 4,760 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 0.3 %

DOV stock traded down $0.50 during trading on Friday, reaching $194.38. The stock had a trading volume of 985,543 shares, compared to its average volume of 973,740. The company has a quick ratio of 0.95, a current ratio of 1.53 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $26.71 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 2.20 and a beta of 1.22. Dover Co. has a one year low of $127.25 and a one year high of $195.68. The company’s 50 day moving average is $185.58 and its two-hundred day moving average is $181.68.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.15. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Dover had a net margin of 17.58% and a return on equity of 24.94%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 earnings per share. Equities research analysts forecast that Dover Co. will post 9.18 EPS for the current year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.515 per share. This is a boost from Dover’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, August 30th. Dover’s dividend payout ratio is presently 19.79%.

Insider Activity at Dover

In other Dover news, CFO Brad M. Cerepak sold 4,341 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $184.59, for a total value of $801,305.19. Following the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,274,887.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Brad M. Cerepak sold 4,341 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $184.59, for a total value of $801,305.19. Following the transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at $2,274,887.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction on Friday, September 6th. The stock was 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,383 shares of company stock worth $8,169,883. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DOV has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on shares of Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Wolfe Research raised shares of Dover to a “hold” rating in a research report on Friday, September 20th. Oppenheimer reissued an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a research report on Wednesday. Mizuho boosted their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Robert W. Baird reissued an “outperform” rating and set a $208.00 target price on shares of Dover in a research report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.75.

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.