Leeward Investments LLC MA cut its holdings in Dover Co. (NYSE:DOV - Free Report) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,321 shares of the industrial products company's stock after selling 15,214 shares during the quarter. Leeward Investments LLC MA's holdings in Dover were worth $11,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Dover by 14.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,659 shares of the industrial products company's stock valued at $35,909,000 after acquiring an additional 25,562 shares in the last quarter. SG Americas Securities LLC lifted its stake in Dover by 75.1% in the 1st quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company's stock worth $3,539,000 after purchasing an additional 8,563 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Dover by 975.5% during the 1st quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company's stock valued at $4,410,000 after buying an additional 22,572 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Dover by 56.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 13,175 shares of the industrial products company's stock valued at $2,334,000 after buying an additional 4,760 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in Dover by 13.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 169,808 shares of the industrial products company's stock valued at $30,088,000 after purchasing an additional 19,933 shares during the last quarter. 84.46% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the business's 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 sale, the chief executive officer now owns 182,928 shares in the company, valued at approximately $33,285,578.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total value of $4,549,727.84. Following the completion of the sale, the chief executive officer now directly owns 182,928 shares of the company's stock, valued at approximately $33,285,578.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the chief financial officer now owns 12,324 shares of the company's stock, valued at $2,156,700. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,042 shares of company stock valued at $7,368,578 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
Analyst Ratings Changes
DOV has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 target price on the stock in a research note on Monday, October 28th. Wells Fargo & Company raised their price target on shares of Dover from $190.00 to $197.00 and gave the stock an "equal weight" rating in a report on Monday, September 30th. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Mizuho raised their price target on shares of Dover from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.44.
Read Our Latest Analysis on Dover
Dover Stock Down 0.4 %
NYSE:DOV traded down $0.80 during trading hours on Thursday, hitting $201.76. The stock had a trading volume of 706,217 shares, compared to its average volume of 974,779. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The business has a 50 day simple moving average of $188.43 and a two-hundred day simple moving average of $183.42. The company has a market cap of $27.68 billion, a PE ratio of 18.12, a price-to-earnings-growth 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.
Dover Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.02%. Dover's payout ratio is currently 18.43%.
Dover Company Profile
(
Free Report)
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.
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