National Pension Service Boosts Stake in Dover Co. (NYSE:DOV)

National Pension Service raised its holdings in Dover Co. (NYSE:DOV - Free Report) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,010 shares of the industrial products company's stock after buying an additional 6,241 shares during the period. National Pension Service owned approximately 0.16% of Dover worth $41,418,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. LRI Investments LLC purchased a new stake in shares of Dover in the 1st quarter valued at approximately $28,000. McClarren Financial Advisors Inc. raised its stake in Dover by 4,400.0% in the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company's stock valued at $32,000 after buying an additional 176 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Dover during the 2nd quarter worth about $34,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Dover during the 2nd quarter worth about $41,000. Finally, Transcendent Capital Group LLC increased its holdings in shares of Dover by 208.0% in the 1st quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Trading Down 0.4 %

NYSE DOV traded down $0.80 during mid-day trading on Thursday, reaching $201.76. 707,187 shares of the stock were exchanged, compared to its average volume of 973,689. The business's fifty day simple moving average is $188.43 and its 200 day simple moving average is $183.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The stock has a market capitalization of $27.68 billion, a PE ratio of 18.12, a PEG ratio of 2.54 and a beta of 1.22. Dover Co. has a 1-year low of $129.63 and a 1-year high of $204.05.

Insider Buying and Selling

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 transaction, the senior vice president now directly owns 47,060 shares in the company, valued at $8,706,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Ivonne M. Cabrera sold 1,220 shares of the company's stock in a transaction on Thursday, August 29th. The stock was 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 in the company, valued at $8,706,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard J. Tobin sold 25,004 shares of Dover stock in a transaction on 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 transaction, the chief executive officer now owns 182,928 shares in the company, valued at $33,285,578.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,042 shares of company stock worth $7,368,578. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DOV. Robert W. Baird reissued an "outperform" rating and issued a $208.00 price objective on shares of Dover in a report on Monday, July 22nd. Royal Bank of Canada lifted their price objective on shares of Dover from $192.00 to $193.00 and gave the company a "sector perform" rating in a research note on Friday, July 26th. Wells Fargo & Company increased 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. JPMorgan Chase & Co. upped their price objective on Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.44.

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.