Dover Corp (NYSE:DOV) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC reduced its stake in shares of Dover Corp (NYSE:DOV) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,037 shares of the industrial products company’s stock after selling 199 shares during the period. Court Place Advisors LLC’s holdings in Dover were worth $1,733,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DOV. BlackRock Inc. boosted its holdings in shares of Dover by 3.1% during the 2nd quarter. BlackRock Inc. now owns 12,354,483 shares of the industrial products company’s stock worth $1,237,921,000 after purchasing an additional 371,171 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Dover by 17.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,090,645 shares of the industrial products company’s stock worth $108,585,000 after purchasing an additional 160,869 shares during the last quarter. First Trust Advisors LP raised its position in shares of Dover by 42.2% during the 3rd quarter. First Trust Advisors LP now owns 491,829 shares of the industrial products company’s stock valued at $48,966,000 after buying an additional 146,065 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Dover by 1,124.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 134,698 shares of the industrial products company’s stock valued at $13,411,000 after buying an additional 123,698 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Dover during the 3rd quarter valued at approximately $12,047,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Several analysts have recently commented on the stock. Barclays lifted their price target on shares of Dover from $112.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Robert W. Baird lifted their price target on shares of Dover from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Deutsche Bank lifted their price target on shares of Dover from $107.00 to $119.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their price target on shares of Dover from $114.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, ValuEngine lowered shares of Dover from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $109.11.

DOV stock opened at $116.45 on Wednesday. The firm has a market cap of $17.01 billion, a PE ratio of 20.09, a PEG ratio of 1.62 and a beta of 1.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 1.42. Dover Corp has a one year low of $82.51 and a one year high of $120.04. The firm’s 50 day moving average price is $115.97 and its 200-day moving average price is $103.86.

In other Dover news, SVP Ivonne M. Cabrera sold 4,055 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $112.48, for a total value of $456,106.40. Also, Director Kristiane C. Graham sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $109.57, for a total value of $109,570.00. Following the completion of the sale, the director now directly owns 356,704 shares in the company, valued at approximately $39,084,057.28. The disclosure for this sale can be found here. In the last three months, insiders sold 11,714 shares of company stock worth $1,295,756. 1.70% of the stock is owned by corporate insiders.

Dover Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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