Curi RMB Capital LLC Buys 116 Shares of Dover Co. (NYSE:DOV)

Curi RMB Capital LLC boosted its stake in Dover Co. (NYSE:DOV) by 5.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,376 shares of the industrial products company’s stock after acquiring an additional 116 shares during the quarter. Curi RMB Capital LLC’s holdings in Dover were worth $456,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Dover by 153.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock worth $466,622,000 after buying an additional 1,595,611 shares during the period. Dimensional Fund Advisors LP boosted its position in Dover by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock worth $271,702,000 after acquiring an additional 60,912 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Dover by 162.2% during the 2nd quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock worth $124,195,000 after acquiring an additional 425,768 shares in the last quarter. Interval Partners LP raised its holdings in shares of 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 purchasing an additional 305,436 shares during the last quarter. 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 purchasing an additional 95,056 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Insider Transactions at Dover

In other news, CEO Richard J. Tobin sold 25,004 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total value of $4,549,727.84. Following the completion of the sale, the chief executive officer now owns 182,928 shares of the company’s stock, valued at approximately $33,285,578.88. The trade was a 12.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $185.00, for a total transaction of $225,700.00. Following the transaction, the senior vice president now directly owns 47,060 shares in the company, valued at approximately $8,706,100. This represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,042 shares of company stock worth $7,368,578 over the last quarter. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the topic of several recent research reports. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Robert W. Baird reiterated an “outperform” rating and set a $208.00 target price on shares of Dover in a report on Monday, July 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price target (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Wells Fargo & Company increased their price objective on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Finally, Barclays boosted 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and a consensus target price of $208.40.

Dover Price Performance

Shares of DOV opened at $201.18 on Friday. The company’s 50-day moving average is $191.53 and its 200-day moving average is $184.71. 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 firm has a market capitalization of $27.60 billion, a PE ratio of 17.99, a PEG ratio of 2.74 and a beta of 1.22. Dover Co. has a fifty-two week low of $136.50 and a fifty-two week high of $204.93.

Dover Announces Dividend

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

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.