Janney Montgomery Scott LLC Has $20.38 Million Holdings in Dover Co. (NYSE:DOV)

Janney Montgomery Scott LLC lessened its holdings in Dover Co. (NYSE:DOV) by 1.7% during the third quarter, HoldingsChannel.com reports. The firm owned 106,279 shares of the industrial products company’s stock after selling 1,885 shares during the period. Janney Montgomery Scott LLC’s holdings in Dover were worth $20,378,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Dover by 153.7% during the 1st 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 last quarter. American Century Companies Inc. boosted its position in Dover by 162.2% during the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock valued at $124,195,000 after purchasing an additional 425,768 shares during the last quarter. Interval Partners LP grew its stake in Dover by 110.0% in the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock valued at $105,216,000 after purchasing an additional 305,436 shares in the last quarter. Kimelman & Baird LLC acquired a new position in shares of Dover during the 2nd quarter worth approximately $17,323,000. Finally, Earnest Partners LLC increased its position in shares of Dover by 31.5% during the 1st quarter. Earnest Partners LLC now owns 397,145 shares of the industrial products company’s stock worth $70,370,000 after purchasing an additional 95,056 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DOV shares. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Oppenheimer restated an “outperform” rating and set a $215.00 price objective (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price target on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Monday, September 30th. Finally, Mizuho raised their price objective on 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 given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.44.

Dover Price Performance

Shares of NYSE DOV opened at $192.06 on Wednesday. The business’s 50 day moving average is $187.82 and its 200-day moving average is $183.13. The firm has a market cap of $26.35 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. Dover Co. has a 1-year low of $129.63 and a 1-year high of $195.68. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Insiders Place Their Bets

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 value of $225,700.00. Following the completion of the sale, the senior vice president now owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the sale, the senior vice president now directly owns 47,060 shares in the company, valued at approximately $8,706,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $4,549,727.84. Following the sale, the chief executive officer now directly owns 182,928 shares in the company, valued at $33,285,578.88. This represents a 0.00 % 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 in the last 90 days. Company 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.