Gulf International Bank UK Ltd Sells 490 Shares of Dover Co. (NYSE:DOV)

Gulf International Bank UK Ltd reduced its stake in Dover Co. (NYSE:DOV) by 4.2% during the third quarter, Holdings Channel.com reports. The fund owned 11,041 shares of the industrial products company’s stock after selling 490 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Dover were worth $2,117,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. LRI Investments LLC bought a new stake in Dover during the 1st quarter valued at $27,000. McClarren Financial Advisors Inc. lifted its stake in Dover by 4,400.0% in the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 176 shares during the period. Fairscale Capital LLC bought a new position in Dover during the 2nd quarter worth about $34,000. Transcendent Capital Group LLC increased its position in Dover by 208.0% during the 1st quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 156 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Dover in the 2nd quarter valued at about $41,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of DOV opened at $202.56 on Thursday. The stock has a 50-day moving average of $188.01 and a two-hundred day moving average of $183.28. 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 market cap of $27.79 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.54 and a beta of 1.22. Dover Co. has a one year low of $129.63 and a one year high of $204.05.

Wall Street Analyst Weigh In

DOV has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Robert W. Baird restated an “outperform” rating and set a $208.00 price objective on shares of Dover in a research note on Monday, July 22nd. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research note on Monday, October 28th. Finally, Royal Bank of Canada raised their price target on shares of Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $207.44.

Insider Buying and Selling

In related news, CFO Brad M. Cerepak sold 14,818 shares of the 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 transaction, the chief financial officer now owns 12,324 shares in the company, valued at approximately $2,156,700. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction dated 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 in the company, valued at $8,706,100. This represents 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 through the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of Dover 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 transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,042 shares of company stock valued at $7,368,578 over the last quarter. 1.30% of the stock is currently 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.