Fisher Asset Management LLC Sells 10,994 Shares of Dover Co. (NYSE:DOV)

Fisher Asset Management LLC decreased its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,623,486 shares of the industrial products company's stock after selling 10,994 shares during the period. Fisher Asset Management LLC owned approximately 1.18% of Dover worth $311,288,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DOV. American Century Companies Inc. increased its stake in Dover by 162.2% during the 2nd quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company's stock valued at $124,195,000 after buying an additional 425,768 shares during the period. Interval Partners LP lifted its position in Dover by 110.0% in the 2nd quarter. Interval Partners LP now owns 583,075 shares of the industrial products company's stock worth $105,216,000 after buying an additional 305,436 shares in the last quarter. Kimelman & Baird LLC purchased a new position in shares of Dover during the 2nd quarter valued at $17,323,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dover by 153.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 149,569 shares of the industrial products company's stock worth $26,990,000 after acquiring an additional 90,480 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Dover during the third quarter worth $14,459,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Wall Street Analyst Weigh In

DOV has been the topic of several research reports. Oppenheimer reaffirmed an "outperform" rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. 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 research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised 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. Wells Fargo & Company raised their price objective on Dover from $190.00 to $197.00 and gave the company an "equal weight" rating in a research note on Monday, September 30th. Finally, StockNews.com raised Dover from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Dover currently has an average rating of "Moderate Buy" and a consensus price target of $208.40.

Dover Price Performance

Dover stock traded up $0.75 on Tuesday, reaching $206.31. The company's stock had a trading volume of 752,279 shares, compared to its average volume of 958,892. The company has a market cap of $28.30 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.75 and a beta of 1.22. Dover Co. has a twelve month low of $137.73 and a twelve month high of $207.74. 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 business's fifty day moving average price is $193.70 and its 200 day moving average price is $185.61.

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 given 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 1.00%. Dover's payout ratio is currently 18.43%.

Insider Transactions at Dover

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the company's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the sale, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Brad M. Cerepak sold 14,818 shares of the company's 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 sale, the chief financial officer now owns 12,324 shares of the company's stock, valued at $2,156,700. This represents a 54.59 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.