Asset Management One Co. Ltd. Buys 1,379 Shares of Dover Co. (NYSE:DOV)

Asset Management One Co. Ltd. lifted its stake in shares of Dover Co. (NYSE:DOV) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,618 shares of the industrial products company’s stock after purchasing an additional 1,379 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Dover were worth $10,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Dover by 153.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock valued at $466,622,000 after acquiring an additional 1,595,611 shares during the last quarter. American Century Companies Inc. raised its position in Dover by 162.2% in the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock valued at $124,195,000 after purchasing an additional 425,768 shares during the last quarter. Interval Partners LP raised its position in Dover by 110.0% in the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock valued at $105,216,000 after purchasing an additional 305,436 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Dover during the second quarter worth about $17,323,000. Finally, Earnest Partners LLC increased its stake in shares of Dover by 31.5% in the first quarter. Earnest Partners LLC now owns 397,145 shares of the industrial products company’s stock valued at $70,370,000 after buying an additional 95,056 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dover

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were 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 in the company, valued at $8,706,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Richard J. Tobin sold 25,004 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 182,928 shares of the company’s stock, valued at $33,285,578.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the transaction, the senior vice president now owns 47,060 shares in the company, valued at approximately $8,706,100. The trade was 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 valued at $7,368,578 in the last quarter. 1.30% of the stock is currently owned by company insiders.

Dover Trading Up 5.4 %

Shares of DOV stock opened at $202.56 on Thursday. Dover Co. has a fifty-two week low of $129.63 and a fifty-two week high of $204.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The stock has a 50 day simple moving average of $188.01 and a two-hundred day simple moving average of $183.28. The company has a market cap of $27.79 billion, a P/E ratio of 18.12, a PEG ratio of 2.54 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Robert W. Baird reissued an “outperform” rating and set a $208.00 target price on shares of Dover in a report on Monday, July 22nd. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company lifted their target price on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Barclays increased their price target on Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 price objective (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $207.44.

Dover 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.