Dover Co. (NYSE:DOV) Shares Bought by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC raised its stake in Dover Co. (NYSE:DOV - Free Report) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,300 shares of the industrial products company's stock after purchasing an additional 5,125 shares during the period. Ceredex Value Advisors LLC owned about 0.14% of Dover worth $35,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Dover by 39.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 686 shares of the industrial products company's stock worth $132,000 after acquiring an additional 195 shares in the last quarter. Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Dover by 5.9% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 26,423 shares of the industrial products company's stock worth $5,066,000 after purchasing an additional 1,462 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Dover by 2.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 5,307 shares of the industrial products company's stock valued at $1,018,000 after acquiring an additional 108 shares in the last quarter. HM Payson & Co. increased its position in Dover by 5.6% during the 3rd quarter. HM Payson & Co. now owns 91,824 shares of the industrial products company's stock worth $17,606,000 after purchasing an additional 4,861 shares during the period. Finally, New York State Teachers Retirement System grew its holdings in Dover by 5.4% during the third quarter. New York State Teachers Retirement System now owns 144,752 shares of the industrial products company's stock worth $27,755,000 after acquiring an additional 7,478 shares during the period. Hedge funds and other institutional investors own 84.46% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DOV. Royal Bank of Canada raised their price objective on Dover from $192.00 to $193.00 and gave the company a "sector perform" rating in a research note on Friday, July 26th. Oppenheimer restated an "outperform" rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Mizuho increased their target price on Dover from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their price target 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and an average price target of $207.44.

Insider Transactions at Dover

In related news, CFO Brad M. Cerepak sold 14,818 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the sale, the chief financial officer now directly owns 12,324 shares of the company's stock, valued at approximately $2,156,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Brad M. Cerepak sold 14,818 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the sale, the chief financial officer now owns 12,324 shares of the company's stock, valued at approximately $2,156,700. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $225,700.00. Following the transaction, the senior vice president now owns 47,060 shares of the company's stock, valued at $8,706,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,042 shares of company stock valued at $7,368,578. Insiders own 1.30% of the company's stock.

Dover Stock Down 0.1 %

Shares of DOV traded down $0.22 during trading on Friday, reaching $189.11. The company's stock had a trading volume of 606,480 shares, compared to its average volume of 978,966. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $187.71 and a two-hundred day moving average of $182.81. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 2.59 and a beta of 1.22. Dover Co. has a twelve month low of $129.63 and a twelve month high of $195.68.

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.