Avior Wealth Management LLC Grows Stock Holdings in Dover Co. (NYSE:DOV)

Avior Wealth Management LLC grew its holdings in Dover Co. (NYSE:DOV) by 183.5% during the 3rd quarter, Holdings Channel reports. The fund owned 258 shares of the industrial products company’s stock after purchasing an additional 167 shares during the period. Avior Wealth Management LLC’s holdings in Dover were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in DOV. LRI Investments LLC purchased a new stake in Dover during the first quarter worth $28,000. Ashton Thomas Securities LLC purchased a new stake in Dover during the third quarter worth $33,000. McClarren Financial Advisors Inc. boosted its holdings 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 buying an additional 176 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Dover during the second quarter worth $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Dover during the second quarter worth $41,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

Shares of NYSE DOV opened at $204.74 on Monday. The firm has a 50-day simple moving average of $193.32 and a 200-day simple moving average of $185.47. The stock has a market capitalization of $28.09 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a 52 week low of $137.73 and a 52 week high of $205.06.

Dover Dividend Announcement

The firm also recently announced 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, November 29th. Dover’s dividend payout ratio (DPR) is 18.43%.

Insider Activity

In related news, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were 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 owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. This represents a 54.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the completion of the sale, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at $8,706,100. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DOV shares. Barclays increased their price target 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 upped their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.40.

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.