Janney Montgomery Scott LLC Sells 1,885 Shares of Dover Co. (NYSE:DOV)

Janney Montgomery Scott LLC cut its holdings in shares of Dover Co. (NYSE:DOV) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,279 shares of the industrial products company’s stock after selling 1,885 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Dover worth $20,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 worth $35,909,000 after purchasing an additional 25,562 shares during the last quarter. SG Americas Securities LLC grew its holdings in Dover by 75.1% during the 1st quarter. SG Americas Securities LLC now owns 19,972 shares of the industrial products company’s stock worth $3,539,000 after acquiring an additional 8,563 shares during the last quarter. Cetera Investment Advisers increased its position 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. raised its stake in shares of Dover by 56.6% in the first quarter. Oppenheimer & Co. Inc. now owns 13,175 shares of the industrial products company’s stock worth $2,334,000 after acquiring an additional 4,760 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted 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 worth $30,088,000 after purchasing an additional 19,933 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Up 1.5 %

Shares of NYSE:DOV opened at $192.06 on Wednesday. The company has a 50 day moving average price of $187.82 and a two-hundred day moving average price of $183.13. The company has a market capitalization of $26.35 billion, a PE ratio of 17.05, a PEG ratio of 2.54 and a beta of 1.22. Dover Co. has a 52 week low of $129.63 and a 52 week high of $195.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DOV. 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 report on Friday, October 25th. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Mizuho raised their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a report on Monday, October 28th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 target price (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dover has an average rating of “Moderate Buy” and a consensus price target of $207.44.

Insider Activity at Dover

In other Dover news, CEO Richard J. Tobin sold 25,004 shares of Dover stock in a transaction dated 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 transaction, the chief executive officer now directly owns 182,928 shares in the company, valued at approximately $33,285,578.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the firm’s 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brad M. Cerepak sold 14,818 shares of the company’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 completion of the transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at $2,156,700. This trade represents a 0.00 % decrease in their position. 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 quarter. Corporate insiders own 1.30% of the company’s stock.

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.