Douglass Winthrop Advisors LLC Reduces Stock Position in Dover Co. (NYSE:DOV)

Douglass Winthrop Advisors LLC reduced its stake in Dover Co. (NYSE:DOV - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,463 shares of the industrial products company's stock after selling 3,225 shares during the period. Douglass Winthrop Advisors LLC owned 0.06% of Dover worth $15,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in shares of Dover by 975.5% during the first quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company's stock worth $4,410,000 after acquiring an additional 22,572 shares in the last quarter. ORG Partners LLC increased its position in shares of Dover by 1,414.2% during the second quarter. ORG Partners LLC now owns 4,255 shares of the industrial products company's stock worth $754,000 after acquiring an additional 3,974 shares in the last quarter. Swedbank AB bought a new stake in shares of Dover during the first quarter worth about $1,581,000. QRG Capital Management Inc. boosted its holdings in Dover by 10.8% during the second quarter. QRG Capital Management Inc. now owns 31,274 shares of the industrial products company's stock worth $5,643,000 after purchasing an additional 3,051 shares during the last quarter. Finally, Versor Investments LP purchased a new position in Dover during the third quarter worth about $1,920,000. 84.46% of the stock is owned by institutional investors.

Insider Transactions at Dover

In other news, 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 value of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares of the company's stock, valued at approximately $2,156,700. This represents a 54.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the company's stock in a transaction on 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 sale, the senior vice president now directly owns 47,060 shares of the company's stock, valued at $8,706,100. This trade represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DOV shares. UBS Group started coverage on shares of Dover in a report on Wednesday, November 13th. They set a "neutral" rating and a $217.00 price target on the stock. Barclays boosted their price target 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. Mizuho boosted their price target on shares of Dover from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on shares of Dover from $210.00 to $212.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Dover from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Dover has an average rating of "Moderate Buy" and an average target price of $208.40.

Dover Price Performance

Shares of NYSE:DOV traded up $0.89 during trading on Monday, reaching $205.63. The company had a trading volume of 1,163,090 shares, compared to its average volume of 959,799. The company has a fifty day moving average of $193.70 and a two-hundred day moving average of $185.61. The stock has a market capitalization of $28.21 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 2.75 and a beta of 1.22. Dover Co. has a 12 month low of $137.73 and a 12 month high of $207.74. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Dover Dividend Announcement

The business also recently declared 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, November 29th. Dover's payout ratio is 18.43%.

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.