National Pension Service lifted its stake in Dover Co. (NYSE:DOV - Free Report) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,010 shares of the industrial products company's stock after acquiring an additional 6,241 shares during the period. National Pension Service owned 0.16% of Dover worth $41,418,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. LRI Investments LLC bought a new position in Dover during the 1st quarter valued at $27,000. McClarren Financial Advisors Inc. boosted its stake in Dover by 4,400.0% during 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 in the last quarter. Fairscale Capital LLC bought a new stake in Dover in the second quarter worth about $34,000. Transcendent Capital Group LLC boosted its position in shares of Dover by 208.0% during the 1st 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Dover in the 2nd quarter worth approximately $41,000. 84.46% of the stock is currently owned by institutional investors.
In related news, CFO Brad M. Cerepak sold 14,818 shares of the firm's 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 transaction, the chief financial officer now owns 12,324 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Ivonne M. Cabrera sold 1,220 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $185.00, for a total transaction of $225,700.00. Following the transaction, the senior vice president now owns 47,060 shares of the company's stock, valued at approximately $8,706,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brad M. Cerepak sold 14,818 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the sale, the chief financial officer now owns 12,324 shares of the company's stock, valued at approximately $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 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.
Several analysts recently commented on DOV shares. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lifted their target price on Dover from $210.00 to $212.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Wells Fargo & Company upped their target price on Dover from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Monday, September 30th. Wolfe Research raised Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a research note on Monday, October 28th. Finally, Oppenheimer reaffirmed 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.44.
Read Our Latest Stock Report on Dover
DOV opened at $202.56 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover Co. has a 1 year low of $129.63 and a 1 year high of $204.05. The stock has a fifty day moving average price of $188.01 and a 200 day moving average price of $183.28. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 2.54 and a beta of 1.22.
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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