Dover Co. (NYSE:DOV) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in shares of Dover Co. (NYSE:DOV) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,842 shares of the industrial products company’s stock after selling 5,322 shares during the period. Bank of Montreal Can’s holdings in Dover were worth $28,694,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DOV. American Century Companies Inc. raised its stake in Dover by 162.2% during the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock worth $124,195,000 after acquiring an additional 425,768 shares during the period. Interval Partners LP raised its position in shares of Dover by 110.0% during the 2nd quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock worth $105,216,000 after purchasing an additional 305,436 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Dover in the 2nd quarter worth approximately $17,323,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Dover by 153.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 149,569 shares of the industrial products company’s stock worth $26,990,000 after buying an additional 90,480 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Dover in the third quarter worth $14,459,000. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Performance

Shares of NYSE DOV opened at $205.90 on Friday. Dover Co. has a 1 year low of $139.93 and a 1 year high of $208.26. 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 fifty day moving average price of $194.77 and a two-hundred day moving average price of $186.05. The firm has a market cap of $28.25 billion, a P/E ratio of 18.42, a PEG ratio of 2.77 and a beta of 1.22.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 18.43%.

Analysts Set New Price Targets

Several research firms have recently commented on DOV. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. Wells Fargo & Company lifted their price target on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their price objective on Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Mizuho raised their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average target price of $208.40.

Insider Buying and Selling at Dover

In related news, CFO Brad M. Cerepak sold 14,818 shares of the business’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 value of $2,593,150.00. Following the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,156,700. The trade was a 54.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

About Dover

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.