Kanawha Capital Management LLC Cuts Position in Dover Co. (NYSE:DOV)

Kanawha Capital Management LLC lessened its holdings in Dover Co. (NYSE:DOV) by 2.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,948 shares of the industrial products company’s stock after selling 208 shares during the quarter. Kanawha Capital Management LLC’s holdings in Dover were worth $1,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Direct Indexing L.P. boosted its holdings in Dover by 14.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 2,157 shares of the industrial products company’s stock worth $382,000 after buying an additional 278 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Dover by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,286 shares of the industrial products company’s stock worth $4,835,000 after buying an additional 2,387 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Dover by 27.4% during the 1st quarter. BNP Paribas Financial Markets now owns 166,211 shares of the industrial products company’s stock worth $29,451,000 after purchasing an additional 35,750 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Dover by 82.1% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,254 shares of the industrial products company’s stock worth $931,000 after purchasing an additional 2,369 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Dover during the 1st quarter worth approximately $137,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Down 0.1 %

Shares of NYSE DOV opened at $189.11 on Monday. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.54 and a beta of 1.22. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a 52-week low of $129.63 and a 52-week high of $195.68. The business’s 50 day moving average is $187.71 and its two-hundred day moving average is $182.89.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOV. Oppenheimer restated an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Barclays boosted their target price on Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a report on Monday, October 28th. JPMorgan Chase & Co. boosted 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. Finally, Mizuho boosted their target price on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $207.44.

Insider Buying and Selling at Dover

In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 182,928 shares of the company’s stock, valued at $33,285,578.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Brad M. Cerepak sold 14,818 shares of Dover stock in a transaction dated 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 transaction, the chief financial officer now owns 12,324 shares in the company, valued at approximately $2,156,700. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard J. Tobin sold 25,004 shares of Dover stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total value of $4,549,727.84. Following the completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 41,042 shares of company stock valued at $7,368,578 over the last quarter. 1.30% of the stock is owned by company insiders.

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.