abrdn plc Has $9.97 Million Position in Dover Co. (NYSE:DOV)

abrdn plc lessened its holdings in Dover Co. (NYSE:DOV - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,156 shares of the industrial products company's stock after selling 2,750 shares during the period. abrdn plc's holdings in Dover were worth $9,965,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Dover by 1.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 379,103 shares of the industrial products company's stock valued at $67,173,000 after purchasing an additional 3,620 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in Dover by 14.8% during the first quarter. First Trust Direct Indexing L.P. now owns 2,157 shares of the industrial products company's stock valued at $382,000 after purchasing an additional 278 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Dover by 9.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,286 shares of the industrial products company's stock valued at $4,835,000 after purchasing an additional 2,387 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Dover by 27.4% during the first quarter. BNP Paribas Financial Markets now owns 166,211 shares of the industrial products company's stock valued at $29,451,000 after purchasing an additional 35,750 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in Dover by 82.1% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,254 shares of the industrial products company's stock valued at $931,000 after purchasing an additional 2,369 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Insider Activity at Dover

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the stock in a transaction dated Thursday, August 29th. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction on Friday, September 6th. The shares were 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 owns 12,324 shares in the company, valued at $2,156,700. The trade was a 0.00 % 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, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total transaction of $225,700.00. Following the sale, the senior vice president now owns 47,060 shares in the company, valued at $8,706,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,042 shares of company stock worth $7,368,578 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Dover Stock Performance

NYSE DOV traded down $0.22 during trading on Friday, hitting $189.11. The company's stock had a trading volume of 606,480 shares, compared to its average volume of 1,074,429. Dover Co. has a 52 week low of $129.63 and a 52 week high of $195.68. The firm has a market cap of $25.94 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. The firm has a 50 day moving average price of $187.71 and a 200 day moving average price of $182.89. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53.

Wall Street Analyst Weigh In

DOV has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on Dover from $192.00 to $193.00 and gave the company a "sector perform" rating in a research report on Friday, July 26th. Robert W. Baird reissued an "outperform" rating and set a $208.00 price objective on shares of Dover in a research report on Monday, July 22nd. Wells Fargo & Company raised their target price on Dover from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Monday, September 30th. Barclays upped their price target on Dover from $186.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. Finally, Oppenheimer reiterated an "outperform" rating and set a $215.00 price target (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $207.44.

Dover 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.