Pittenger & Anderson Inc. Has $6.88 Million Holdings in Dover Co. (NYSE:DOV)

Pittenger & Anderson Inc. boosted its stake in Dover Co. (NYSE:DOV) by 0.2% in the third quarter, HoldingsChannel.com reports. The firm owned 35,885 shares of the industrial products company’s stock after buying an additional 85 shares during the period. Pittenger & Anderson Inc.’s holdings in Dover were worth $6,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 acquiring an additional 25,562 shares during the last quarter. SG Americas Securities LLC raised 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 purchasing an additional 8,563 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of 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 purchasing an additional 22,572 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Dover by 56.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 13,175 shares of the industrial products company’s stock valued at $2,334,000 after purchasing an additional 4,760 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in 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 buying an additional 19,933 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dover

In other news, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction of $225,700.00. Following the completion of the sale, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at $8,706,100. 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 available at this link. In related news, CEO Richard J. Tobin sold 25,004 shares of Dover stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 47,060 shares of the company’s stock, valued at $8,706,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 Price Performance

Shares of DOV opened at $189.16 on Tuesday. The stock has a market cap of $25.95 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.54 and a beta of 1.22. The business’s fifty day moving average is $187.71 and its 200 day moving average is $182.98. 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 12-month low of $129.63 and a 12-month high of $195.68.

Analyst Ratings Changes

A number of brokerages have commented on DOV. Royal Bank of Canada upped their price target on shares of Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. Robert W. Baird reissued an “outperform” rating and issued a $208.00 price target on shares of Dover in a research note on Monday, July 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price objective (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Finally, Mizuho boosted their target price on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $207.44.

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.