Mutual of America Capital Management LLC Acquires 1,966 Shares of Dover Co. (NYSE:DOV)

Mutual of America Capital Management LLC lifted its position in shares of Dover Co. (NYSE:DOV) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,871 shares of the industrial products company’s stock after buying an additional 1,966 shares during the period. Mutual of America Capital Management LLC’s holdings in Dover were worth $8,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Dover by 153.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock worth $466,622,000 after buying an additional 1,595,611 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Dover by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock worth $271,702,000 after buying an additional 60,912 shares during the period. American Century Companies Inc. boosted its position in shares of Dover by 162.2% during the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock worth $124,195,000 after buying an additional 425,768 shares during the period. Interval Partners LP boosted its position in shares of Dover by 110.0% during the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock worth $105,216,000 after buying an additional 305,436 shares during the period. Finally, Earnest Partners LLC boosted its position in shares of Dover by 31.5% during the first quarter. Earnest Partners LLC now owns 397,145 shares of the industrial products company’s stock worth $70,370,000 after buying an additional 95,056 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOV has been the subject of several recent research reports. Barclays upped their price objective on Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Robert W. Baird reissued an “outperform” rating and set a $208.00 price target on shares of Dover in a research report on Monday, July 22nd. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. increased their price target on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Mizuho increased their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.40.

Dover Price Performance

NYSE:DOV opened at $200.53 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $191.96 and its two-hundred day moving average price is $184.92. The firm has a market capitalization of $27.51 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 2.70 and a beta of 1.22. Dover Co. has a 12-month low of $136.50 and a 12-month high of $204.93.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.515 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.03%. Dover’s dividend payout ratio is 18.43%.

Insider Buying and Selling at Dover

In other news, CEO Richard J. Tobin sold 25,004 shares of the 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 in the company, valued at approximately $33,285,578.88. This trade represents a 12.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the 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 transaction, the senior vice president now owns 47,060 shares in the company, valued at approximately $8,706,100. This trade represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,042 shares of company stock worth $7,368,578 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Dover 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.