Dover Co. (NYSE:DOV) Shares Purchased by Olstein Capital Management L.P.

Olstein Capital Management L.P. lifted its stake in Dover Co. (NYSE:DOVFree Report) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,000 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the period. Olstein Capital Management L.P.’s holdings in Dover were worth $5,560,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in Dover during the first quarter worth about $27,000. McClarren Financial Advisors Inc. raised its position in shares of Dover by 4,400.0% in the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after buying an additional 176 shares during the last quarter. Fairscale Capital LLC purchased a new stake in Dover in the second quarter valued at approximately $34,000. Transcendent Capital Group LLC grew its holdings in Dover by 208.0% in the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 156 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Dover in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of Dover stock traded down $0.47 during trading on Thursday, hitting $202.09. 14,350 shares of the stock were exchanged, compared to its average volume of 971,376. The stock’s fifty day moving average is $188.43 and its 200 day moving average is $183.42. The stock has a market cap of $27.72 billion, a PE ratio of 18.12, a P/E/G ratio of 2.54 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. Dover Co. has a 12 month low of $129.63 and a 12 month high of $204.05.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DOV shares. Royal Bank of Canada boosted their target price on shares of Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Oppenheimer reiterated an “outperform” rating and set a $215.00 price objective (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research note on Monday, October 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $208.00 price target on shares of Dover in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.44.

Check Out Our Latest Stock Report on DOV

Insider Activity at Dover

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the company’s stock in a transaction dated 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 directly owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. This 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 available through this hyperlink. In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. This 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 available through this hyperlink. Also, CFO Brad M. Cerepak sold 14,818 shares of the 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 completion of the sale, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at $2,156,700. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,042 shares of company stock worth $7,368,578 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Dover Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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