Dover Co. (NYSE:DOV) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC trimmed its position in shares of Dover Co. (NYSE:DOV) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,985 shares of the industrial products company’s stock after selling 4,077 shares during the period. Mizuho Markets Americas LLC’s holdings in Dover were worth $6,133,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DOV. Cetera Investment Advisers increased its stake in Dover by 975.5% during the first quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company’s stock worth $4,410,000 after acquiring an additional 22,572 shares during the last quarter. ORG Partners LLC increased its position in Dover by 1,414.2% during the 2nd quarter. ORG Partners LLC now owns 4,255 shares of the industrial products company’s stock worth $754,000 after purchasing an additional 3,974 shares in the last quarter. Swedbank AB purchased a new position in Dover in the first quarter valued at approximately $1,581,000. Sei Investments Co. lifted its position in Dover by 6.3% during the first quarter. Sei Investments Co. now owns 60,180 shares of the industrial products company’s stock valued at $10,663,000 after buying an additional 3,590 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Dover by 10.8% in the second quarter. QRG Capital Management Inc. now owns 31,274 shares of the industrial products company’s stock worth $5,643,000 after acquiring an additional 3,051 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dover

In related news, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction dated 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 owns 182,928 shares in the company, valued at $33,285,578.88. This represents a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was 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 directly owns 12,324 shares in the company, valued at $2,156,700. This represents a 54.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,042 shares of company stock valued at $7,368,578. Corporate insiders own 1.30% of the company’s stock.

Dover Stock Down 0.5 %

NYSE:DOV opened at $201.18 on Friday. The stock has a 50-day simple moving average of $191.53 and a 200 day simple moving average of $184.67. Dover Co. has a one year low of $136.50 and a one year high of $204.93. The company has a market capitalization of $27.60 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. Dover’s dividend payout ratio (DPR) is 18.43%.

Wall Street Analyst Weigh In

DOV has been the subject of a number of research reports. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price target (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Robert W. Baird reiterated an “outperform” rating and issued a $208.00 target price on shares of Dover in a research note on Monday, July 22nd. Royal Bank of Canada boosted their price target on Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Wells Fargo & Company increased their price objective on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. Finally, Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.40.

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.