Lowe Brockenbrough & Co. Inc. Raises Stock Position in Dover Co. (NYSE:DOV)

Lowe Brockenbrough & Co. Inc. increased its holdings in shares of Dover Co. (NYSE:DOV) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,423 shares of the industrial products company’s stock after purchasing an additional 1,462 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Dover were worth $5,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DOV. BNP Paribas Financial Markets grew its stake in shares of Dover by 27.4% in 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 buying an additional 35,750 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 purchasing an additional 25,562 shares during the period. SG Americas Securities LLC lifted 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 purchasing an additional 8,563 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Dover by 975.5% in the first quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company’s stock valued at $4,410,000 after purchasing an additional 22,572 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in 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 purchasing an additional 4,760 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 182,928 shares in the company, valued at approximately $33,285,578.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the business’s stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction dated 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 owns 47,060 shares in the company, valued at approximately $8,706,100. 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 in the last three months. 1.30% of the stock is owned by insiders.

Dover Stock Down 0.1 %

Shares of Dover stock opened at $189.11 on Friday. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of 16.92, a PEG 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. 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’s 50 day simple moving average is $187.71 and its 200-day simple moving average is $182.81.

Wall Street Analyst Weigh In

DOV has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Robert W. Baird restated an “outperform” rating and set a $208.00 price objective on shares of Dover in a research note on Monday, July 22nd. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. raised their price target on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 price target (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.44.

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.