Dover Co. (NYSE:DOV) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its stake in shares of Dover Co. (NYSE:DOV) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,621 shares of the industrial products company’s stock after selling 684 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Dover were worth $1,462,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC grew its position in shares of Dover by 327.4% during the first quarter. Empowered Funds LLC now owns 7,385 shares of the industrial products company’s stock worth $1,309,000 after buying an additional 5,657 shares in the last quarter. Sei Investments Co. grew its holdings in Dover by 6.3% during the 1st quarter. Sei Investments Co. now owns 60,180 shares of the industrial products company’s stock worth $10,663,000 after acquiring an additional 3,590 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Dover by 6.5% in the 1st quarter. Russell Investments Group Ltd. now owns 117,706 shares of the industrial products company’s stock valued at $20,857,000 after purchasing an additional 7,227 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Dover by 13.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 169,808 shares of the industrial products company’s stock valued at $30,088,000 after purchasing an additional 19,933 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Dover by 14.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,659 shares of the industrial products company’s stock worth $35,909,000 after purchasing an additional 25,562 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Insider Transactions at Dover

In related news, CEO Richard J. Tobin sold 25,004 shares of the business’s stock in a transaction dated 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 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 legal filing with the SEC, which is available at the SEC website. In related news, CEO Richard J. Tobin sold 25,004 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 182,928 shares of the company’s stock, valued at $33,285,578.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,042 shares of company stock worth $7,368,578. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group started coverage on Dover in a report on Wednesday. They issued a “neutral” rating and a $217.00 target price on the stock. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays boosted their target price on Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price target on shares of Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Mizuho boosted their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $208.40.

Dover Stock Performance

Shares of DOV opened at $203.99 on Thursday. The company’s 50 day simple moving average is $190.48 and its 200-day simple moving average is $184.40. Dover Co. has a 12-month low of $133.77 and a 12-month high of $204.93. The firm has a market cap of $27.99 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Dover Announces Dividend

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 dividend on an annualized basis and a yield of 1.01%. Dover’s dividend payout ratio is presently 18.43%.

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.