Harmony Asset Management LLC Purchases 100 Shares of Dover Co. (NYSE:DOV)

Harmony Asset Management LLC raised its holdings in shares of Dover Co. (NYSE:DOV) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,931 shares of the industrial products company’s stock after acquiring an additional 100 shares during the quarter. Dover makes up 1.2% of Harmony Asset Management LLC’s portfolio, making the stock its 21st largest holding. Harmony Asset Management LLC’s holdings in Dover were worth $3,246,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DOV. Ashton Thomas Securities LLC purchased a new stake in Dover in the third quarter valued at about $33,000. McClarren Financial Advisors Inc. increased its stake in Dover by 4,400.0% during the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 176 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Dover during the 2nd quarter valued at $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Dover during the 2nd quarter valued at $41,000. Finally, Avior Wealth Management LLC raised its position in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. 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 research report on Monday, October 28th. Barclays lifted their target price on shares of Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Mizuho increased their target price on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $208.40.

Insider Activity at Dover

In other news, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at $2,156,700. The trade was a 54.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Dover Price Performance

DOV stock opened at $204.79 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a 1 year low of $141.18 and a 1 year high of $208.26. The firm has a market capitalization of $28.10 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.77 and a beta of 1.22. The business’s 50-day moving average is $195.11 and its two-hundred day moving average is $186.22.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid 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 1.01%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

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.