Centaurus Financial Inc. Sells 341 Shares of Dover Co. (NYSE:DOV)

Centaurus Financial Inc. decreased its position in Dover Co. (NYSE:DOV) by 20.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,345 shares of the industrial products company’s stock after selling 341 shares during the period. Centaurus Financial Inc.’s holdings in Dover were worth $258,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC bought a new stake in shares of Dover during the 1st quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Dover during the 3rd quarter worth approximately $33,000. McClarren Financial Advisors Inc. raised its stake in shares of Dover by 4,400.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 176 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Dover during the 2nd quarter worth approximately $34,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Dover during the 2nd quarter worth approximately $41,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Mizuho boosted their target price on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. UBS Group started coverage on Dover in a report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.40.

Dover Stock Performance

Shares of NYSE DOV opened at $206.44 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The stock’s fifty day moving average price is $194.06 and its two-hundred day moving average price is $185.76. Dover Co. has a one year low of $137.73 and a one year high of $208.26. The firm has a market cap of $28.32 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 2.76 and a beta of 1.22.

Dover Dividend Announcement

The company also recently disclosed 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 is Friday, November 29th. Dover’s dividend payout ratio is 18.43%.

Insider Buying and Selling at Dover

In other news, CFO Brad M. Cerepak sold 14,818 shares of the company’s 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Dover 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.