Centaurus Financial Inc. Sells 3,642 Shares of Dover Co. (NYSE:DOV)

Centaurus Financial Inc. decreased its holdings in shares of Dover Co. (NYSE:DOV) by 68.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,686 shares of the industrial products company’s stock after selling 3,642 shares during the quarter. Centaurus Financial Inc.’s holdings in Dover were worth $304,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position in shares of Dover by 27.4% during the 1st quarter. BNP Paribas Financial Markets now owns 166,211 shares of the industrial products company’s stock worth $29,451,000 after purchasing an additional 35,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Dover by 14.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,659 shares of the industrial products company’s stock worth $35,909,000 after buying an additional 25,562 shares during the last quarter. SG Americas Securities LLC raised its position in Dover by 75.1% during the first quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company’s stock worth $3,539,000 after acquiring an additional 8,563 shares in the last quarter. Cetera Investment Advisers lifted 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 acquiring an additional 22,572 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Dover by 56.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 13,175 shares of the industrial products company’s stock valued at $2,334,000 after acquiring an additional 4,760 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Stock Down 0.4 %

DOV stock opened at $188.91 on Friday. Dover Co. has a 1-year low of $127.25 and a 1-year high of $194.75. The stock has a market cap of $25.96 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.27 and a beta of 1.22. The stock’s fifty day simple moving average is $183.13 and its two-hundred day simple moving average is $180.68. The company has a current ratio of 1.53, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.21 by $0.15. Dover had a net margin of 17.58% and a return on equity of 24.94%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that Dover Co. will post 9.17 EPS for the current year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.515 per share. This is a positive change from Dover’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, August 30th. Dover’s payout ratio is 19.79%.

Insider Transactions at Dover

In related news, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,156,700. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the sale, the senior vice president now owns 47,060 shares in the company, valued at approximately $8,706,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the sale, the chief financial officer now owns 12,324 shares of the company’s stock, valued at $2,156,700. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,383 shares of company stock valued at $8,169,883. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DOV shares. Robert W. Baird reissued an “outperform” rating and set a $208.00 target price on shares of Dover in a report on Monday, July 22nd. Mizuho upped their price objective on shares of Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Wells Fargo & Company raised their target price on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th. Wolfe Research upgraded shares of Dover to a “hold” rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada increased their price target on shares of Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.00.

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.