Hazlett Burt & Watson Inc. Boosts Holdings in Dover Co. (NYSE:DOV)

Hazlett Burt & Watson Inc. boosted its position in Dover Co. (NYSE:DOV - Free Report) by 1,176.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,340 shares of the industrial products company's stock after acquiring an additional 4,000 shares during the quarter. Hazlett Burt & Watson Inc.'s holdings in Dover were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of Dover by 27.4% during the first quarter. BNP Paribas Financial Markets now owns 166,211 shares of the industrial products company's stock worth $29,451,000 after acquiring an additional 35,750 shares during the last quarter. 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 worth $35,909,000 after acquiring an additional 25,562 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Dover by 75.1% during the first quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company's stock worth $3,539,000 after acquiring an additional 8,563 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Dover by 975.5% during the first quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company's stock worth $4,410,000 after acquiring an additional 22,572 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Dover by 56.6% during the first quarter. Oppenheimer & Co. Inc. now owns 13,175 shares of the industrial products company's stock worth $2,334,000 after acquiring an additional 4,760 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wolfe Research upgraded Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price target for the company in a research note on Monday, October 28th. Robert W. Baird reiterated an "outperform" rating and issued a $208.00 price target on shares of Dover in a research note on Monday, July 22nd. StockNews.com downgraded Dover from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on Dover from $210.00 to $212.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Finally, Oppenheimer restated an "outperform" rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $207.44.

Dover Stock Performance

NYSE DOV traded up $0.05 during midday trading on Monday, hitting $189.16. The company had a trading volume of 515,491 shares, compared to its average volume of 976,828. 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 stock has a market cap of $25.95 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 2.54 and a beta of 1.22. The firm has a fifty day simple moving average of $187.71 and a two-hundred day simple moving average of $182.98. Dover Co. has a fifty-two week low of $129.63 and a fifty-two week high of $195.68.

Insider Activity

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 shares were sold at an average price of $181.96, for a total value of $4,549,727.84. Following the transaction, the chief executive officer now directly owns 182,928 shares in the company, valued at $33,285,578.88. 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 hyperlink. In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the sale, the senior vice president now directly owns 47,060 shares of the company's stock, valued at $8,706,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard J. Tobin sold 25,004 shares of the business's stock in a transaction that occurred on 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 directly owns 182,928 shares in the company, valued at $33,285,578.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,042 shares of company stock worth $7,368,578. Corporate insiders own 1.30% of the company's stock.

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.