Mn Services Vermogensbeheer B.V. Sells 1,300 Shares of Dover Co. (NYSE:DOV)

Mn Services Vermogensbeheer B.V. trimmed its holdings in Dover Co. (NYSE:DOV) by 2.4% in the third quarter, HoldingsChannel reports. The fund owned 53,600 shares of the industrial products company’s stock after selling 1,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Dover were worth $10,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DOV. LRI Investments LLC bought a new stake in shares of Dover in the 1st quarter worth approximately $27,000. McClarren Financial Advisors Inc. increased its stake in shares of 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 buying an additional 176 shares during the period. Fairscale Capital LLC purchased a new position in Dover during the 2nd quarter valued at $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 purchased a new position in Dover during the 2nd quarter valued at $41,000. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Performance

Shares of Dover stock opened at $192.06 on Wednesday. The stock has a market cap of $26.35 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 2.54 and a beta of 1.22. The firm’s 50-day moving average is $187.82 and its 200 day moving average is $183.13. Dover Co. has a 1 year low of $129.63 and a 1 year high of $195.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DOV shares. Mizuho boosted their price objective 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. Royal Bank of Canada boosted their price objective 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. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. boosted their price objective on shares of Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Oppenheimer restated an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average price target of $207.44.

Insider Buying and Selling

In related news, CEO Richard J. Tobin sold 25,004 shares of the company’s 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 transaction, the chief executive officer now owns 182,928 shares in the company, valued at $33,285,578.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Richard J. Tobin sold 25,004 shares of the company’s 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 transaction, the chief executive officer now owns 182,928 shares in the company, valued at $33,285,578.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brad M. Cerepak sold 14,818 shares of the company’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 owns 12,324 shares in the company, valued at approximately $2,156,700. 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 worth $7,368,578 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

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.