QRG Capital Management Inc. Has $10.49 Million Stake in Dover Co. (NYSE:DOV)

QRG Capital Management Inc. lifted its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 75.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,725 shares of the industrial products company's stock after purchasing an additional 23,451 shares during the quarter. QRG Capital Management Inc.'s holdings in Dover were worth $10,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 purchasing an additional 25,562 shares during the last quarter. SG Americas Securities LLC increased its stake in Dover by 75.1% during the first quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company's stock valued at $3,539,000 after acquiring an additional 8,563 shares during the period. Cetera Investment Advisers raised its holdings in Dover by 975.5% in the 1st quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company's stock valued at $4,410,000 after acquiring an additional 22,572 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings 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 worth $2,334,000 after purchasing an additional 4,760 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Dover by 13.3% during the first 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 period. Institutional investors own 84.46% of the company's stock.

Dover Trading Up 1.5 %

DOV stock traded up $2.90 during trading on Tuesday, hitting $192.06. The company had a trading volume of 486,570 shares, compared to its average volume of 974,536. The firm has a 50-day moving average price of $187.82 and a 200-day moving average price of $183.13. Dover Co. has a 12 month low of $129.63 and a 12 month high of $195.68. 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 $26.35 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.54 and a beta of 1.22.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DOV shares. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a report on Monday, October 28th. JPMorgan Chase & Co. boosted their price target on Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Robert W. Baird reiterated an "outperform" rating and set a $208.00 price objective on shares of Dover in a research note on Monday, July 22nd. Wells Fargo & Company lifted their price objective on Dover from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Monday, September 30th. Finally, Royal Bank of Canada upped their target price on shares of Dover from $192.00 to $193.00 and gave the stock a "sector perform" rating in a report on Friday, July 26th. Four research 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 has an average rating of "Moderate Buy" and a consensus price target of $207.44.

Insider Transactions at Dover

In other news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 12,324 shares in the company, valued at approximately $2,156,700. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the sale, the chief executive officer now owns 182,928 shares in the company, valued at $33,285,578.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,042 shares of company stock worth $7,368,578 over the last 90 days. 1.30% of the stock is owned by 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.