QRG Capital Management Inc. Acquires 23,451 Shares of Dover Co. (NYSE:DOV)

QRG Capital Management Inc. increased its position in shares of Dover Co. (NYSE:DOV) by 75.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,725 shares of the industrial products company’s stock after acquiring an additional 23,451 shares during the quarter. QRG Capital Management Inc.’s holdings in Dover were worth $10,493,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of Dover during the first quarter valued at $28,000. 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 valued at $32,000 after buying an additional 176 shares during the period. Fairscale Capital LLC acquired a new position in Dover in the second quarter valued at about $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Dover in the second quarter valued at about $41,000. Finally, Transcendent Capital Group LLC lifted its stake in Dover by 208.0% in the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Insider Buying and Selling

In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 47,060 shares in the company, valued at $8,706,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Dover news, SVP Ivonne M. Cabrera sold 1,220 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 47,060 shares in the company, valued at $8,706,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction that occurred on 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 approximately $33,285,578.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,042 shares of company stock worth $7,368,578. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DOV shares. Robert W. Baird reissued an “outperform” rating and issued a $208.00 target price on shares of Dover in a research note on Monday, July 22nd. Oppenheimer reissued an “outperform” rating and issued a $215.00 target price (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Wells Fargo & Company increased their target price on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research note on Monday, September 30th. Royal Bank of Canada raised 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. Finally, Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.44.

Dover Stock Up 0.0 %

NYSE:DOV opened at $189.16 on Tuesday. 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 company has a market cap of $25.95 billion, a PE ratio of 16.92, a PEG ratio of 2.54 and a beta of 1.22. Dover Co. has a 52-week low of $129.63 and a 52-week high of $195.68. The stock has a 50-day simple moving average of $187.71 and a 200 day simple moving average of $182.98.

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.