Empirical Finance LLC Acquires 100 Shares of Dover Co. (NYSE:DOV)

Empirical Finance LLC increased its holdings in shares of Dover Co. (NYSE:DOV) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,864 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Empirical Finance LLC’s holdings in Dover were worth $933,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DOV. Price T Rowe Associates Inc. MD raised its position in shares of Dover by 153.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock valued at $466,622,000 after acquiring an additional 1,595,611 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Dover by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock worth $271,702,000 after purchasing an additional 60,912 shares during the period. American Century Companies Inc. increased its holdings in Dover by 162.2% in the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock valued at $124,195,000 after purchasing an additional 425,768 shares during the last quarter. Interval Partners LP lifted its stake in Dover by 110.0% in the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock valued at $105,216,000 after buying an additional 305,436 shares during the period. Finally, Earnest Partners LLC boosted its holdings in Dover by 31.5% during the first quarter. Earnest Partners LLC now owns 397,145 shares of the industrial products company’s stock worth $70,370,000 after buying an additional 95,056 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dover

In other news, SVP Ivonne M. Cabrera sold 1,220 shares of the 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 transaction, the senior vice president now directly owns 47,060 shares in the company, valued at $8,706,100. This represents a 2.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of Dover 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 directly owns 12,324 shares in the company, valued at approximately $2,156,700. This represents a 54.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,042 shares of company stock valued at $7,368,578 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Dover Stock Down 0.5 %

NYSE:DOV opened at $201.18 on Friday. The stock has a 50-day simple moving average of $191.53 and a 200 day simple moving average of $184.71. Dover Co. has a 52-week low of $136.50 and a 52-week high of $204.93. The company has a market cap of $27.60 billion, a PE ratio of 17.99, a PEG ratio of 2.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DOV. UBS Group assumed coverage on shares of Dover in a research report on Wednesday. They issued a “neutral” rating and a $217.00 price target on the stock. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Robert W. Baird reissued an “outperform” rating and issued a $208.00 price target on shares of Dover in a report on Monday, July 22nd. Mizuho upped their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $208.40.

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.