Mizuho Markets Americas LLC Sells 4,077 Shares of Dover Co. (NYSE:DOV)

Mizuho Markets Americas LLC decreased its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,985 shares of the industrial products company's stock after selling 4,077 shares during the quarter. Mizuho Markets Americas LLC's holdings in Dover were worth $6,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DOV. Sei Investments Co. raised its holdings in Dover by 6.3% during the 1st quarter. Sei Investments Co. now owns 60,180 shares of the industrial products company's stock valued at $10,663,000 after acquiring an additional 3,590 shares during the period. Nicolet Advisory Services LLC bought a new position in shares of Dover in the first quarter worth $225,000. Spirepoint Private Client LLC bought a new position in shares of Dover in the first quarter worth $293,000. TIAA Trust National Association increased its holdings in shares of Dover by 14.9% in the first quarter. TIAA Trust National Association now owns 6,847 shares of the industrial products company's stock worth $1,213,000 after purchasing an additional 890 shares during the period. Finally, Patten & Patten Inc. TN increased its holdings in shares of Dover by 33.9% in the first quarter. Patten & Patten Inc. TN now owns 3,954 shares of the industrial products company's stock worth $701,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 84.46% of the company's stock.

Insider Transactions at Dover

In related news, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 12,324 shares of the company's stock, valued at $2,156,700. This represents a 54.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,042 shares of company stock worth $7,368,578. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DOV. Robert W. Baird reaffirmed an "outperform" rating and issued a $208.00 price target on shares of Dover in a report on Monday, July 22nd. UBS Group initiated coverage on Dover in a research note on Wednesday. They issued a "neutral" rating and a $217.00 target price on the stock. Wells Fargo & Company increased their target price on Dover from $190.00 to $197.00 and gave the company an "equal weight" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. increased their target price on Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, StockNews.com raised Dover from a "hold" rating to a "buy" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dover has an average rating of "Moderate Buy" and an average price target of $208.40.

Dover Trading Down 0.5 %

NYSE DOV traded down $0.91 during trading on Friday, hitting $201.18. 678,654 shares of the company's stock traded hands, compared to its average volume of 965,221. The stock has a fifty day moving average of $191.53 and a two-hundred day moving average of $184.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a 12-month low of $136.50 and a 12-month high of $204.93. The firm has a market cap of $27.60 billion, a P/E ratio of 17.99, a PEG ratio of 2.74 and a beta of 1.22.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. Dover's dividend payout ratio is currently 18.43%.

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.