Venturi Wealth Management LLC Has $3.05 Million Position in Dover Co. (DOV)

Venturi Wealth Management LLC boosted its stake in shares of Dover Co. (NYSE:DOV) by 2.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,066 shares of the industrial products company’s stock after acquiring an additional 700 shares during the quarter. Venturi Wealth Management LLC’s holdings in Dover were worth $3,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. NewFocus Financial Group LLC lifted its holdings in Dover by 1.4% in the 4th quarter. NewFocus Financial Group LLC now owns 39,187 shares of the industrial products company’s stock worth $3,957,000 after buying an additional 528 shares during the period. Reilly Herbert Faulkner III lifted its holdings in Dover by 1.1% in the 4th quarter. Reilly Herbert Faulkner III now owns 47,655 shares of the industrial products company’s stock worth $4,813,000 after buying an additional 529 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Dover by 4.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,707 shares of the industrial products company’s stock worth $1,384,000 after buying an additional 584 shares during the period. Global Financial Private Capital LLC lifted its holdings in Dover by 15.8% in the 4th quarter. Global Financial Private Capital LLC now owns 4,526 shares of the industrial products company’s stock worth $457,000 after buying an additional 616 shares during the period. Finally, Nuance Investments LLC lifted its holdings in Dover by 1.6% in the 4th quarter. Nuance Investments LLC now owns 40,563 shares of the industrial products company’s stock worth $4,096,000 after buying an additional 651 shares during the period. Institutional investors own 89.54% of the company’s stock.

DOV has been the subject of several research reports. Royal Bank of Canada reissued a “hold” rating and issued a $105.00 target price on shares of Dover in a research report on Wednesday, January 17th. Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research report on Friday, January 19th. UBS initiated coverage on Dover in a research report on Monday, January 22nd. They issued a “neutral” rating for the company. BMO Capital Markets reissued a “buy” rating on shares of Dover in a research report on Friday, January 26th. Finally, SunTrust Banks increased their target price on Dover to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $104.92.

In related news, VP Anthony K. Kosinski sold 895 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $104.34, for a total transaction of $93,384.30. Following the completion of the transaction, the vice president now owns 8,516 shares of the company’s stock, valued at approximately $888,559.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Paul Goldberg sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $102.00, for a total value of $336,600.00. Following the transaction, the vice president now directly owns 4,545 shares of the company’s stock, valued at approximately $463,590. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,897 shares of company stock valued at $2,031,745. 2.50% of the stock is owned by corporate insiders.

Dover opened at $77.50 on Thursday, MarketBeat.com reports. Dover Co. has a twelve month low of $77.19 and a twelve month high of $77.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.42 and a quick ratio of 0.95. The company has a market cap of $11.90 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.01 and a beta of 1.32.

Dover (NYSE:DOV) last posted its quarterly earnings data on Friday, April 27th. The industrial products company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.03. Dover had a return on equity of 16.48% and a net margin of 9.71%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. equities research analysts forecast that Dover Co. will post 5.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Wednesday, May 30th. Dover’s dividend payout ratio (DPR) is presently 46.65%.

Dover Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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