Leeward Investments LLC MA Decreases Stock Holdings in Dover Co. (NYSE:DOV)

Leeward Investments LLC MA lowered its holdings in shares of Dover Co. (NYSE:DOV) by 20.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,321 shares of the industrial products company’s stock after selling 15,214 shares during the quarter. Leeward Investments LLC MA’s holdings in Dover were worth $11,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DOV. Financial Enhancement Group LLC bought a new stake in Dover in the third quarter worth $7,080,000. Two Point Capital Management Inc. grew its holdings in Dover by 0.7% during the 3rd quarter. Two Point Capital Management Inc. now owns 40,142 shares of the industrial products company’s stock valued at $7,697,000 after purchasing an additional 296 shares during the last quarter. Clarity Financial LLC purchased a new stake in Dover in the 3rd quarter worth about $210,000. Hazlett Burt & Watson Inc. lifted its stake in Dover by 1,176.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 4,340 shares of the industrial products company’s stock worth $832,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Dover by 2.6% during the third quarter. Asset Management One Co. Ltd. now owns 53,618 shares of the industrial products company’s stock valued at $10,281,000 after buying an additional 1,379 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Performance

Shares of DOV stock opened at $202.56 on Thursday. The firm has a market cap of $27.79 billion, a price-to-earnings ratio of 18.12, 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 $204.05. 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 company’s 50 day moving average is $188.43 and its 200 day moving average is $183.42.

Insider Transactions at Dover

In other news, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the sale, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,156,700. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the 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 completion of the sale, the chief executive officer now directly owns 182,928 shares in the company, valued at approximately $33,285,578.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the sale, the chief financial officer now owns 12,324 shares in the company, valued at $2,156,700. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,042 shares of company stock valued at $7,368,578. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DOV shares. 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 note on Monday, October 28th. JPMorgan Chase & Co. boosted their target price 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. Barclays upped their price target on shares of Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. 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. Finally, Royal Bank of Canada raised their target price on shares of Dover from $192.00 to $193.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.44.

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.