Fisher Asset Management LLC Has $311.29 Million Stake in Dover Co. (NYSE:DOV)

Fisher Asset Management LLC trimmed its holdings in Dover Co. (NYSE:DOV) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,623,486 shares of the industrial products company’s stock after selling 10,994 shares during the period. Fisher Asset Management LLC owned 1.18% of Dover worth $311,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LRI Investments LLC acquired a new position in Dover during the first quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new position in Dover during the third quarter valued at approximately $33,000. McClarren Financial Advisors Inc. increased its holdings in shares of Dover by 4,400.0% during 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 in the last quarter. Fairscale Capital LLC acquired a new position in shares of Dover during the second quarter worth $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Dover during the second quarter worth $41,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Price Performance

DOV stock opened at $205.63 on Tuesday. The stock has a market capitalization of $28.21 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.75 and a beta of 1.22. The company’s 50-day moving average is $193.70 and its 200-day moving average is $185.61. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a 1 year low of $137.73 and a 1 year high of $207.74.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.515 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. Dover’s dividend payout ratio is presently 18.43%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DOV shares. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a report on Monday, October 28th. Oppenheimer reiterated an “outperform” rating and set a $215.00 price target (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Mizuho increased their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their price target 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. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $208.40.

Insider Buying and Selling

In related news, CFO Brad M. Cerepak sold 14,818 shares of the company’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 owns 12,324 shares in the company, valued at $2,156,700. This represents a 54.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $185.00, for a total transaction of $225,700.00. Following the completion of the sale, the senior vice president now owns 47,060 shares in the company, valued at $8,706,100. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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.