Kristiane C. Graham Sells 100 Shares of Dover Corp (NYSE:DOV) Stock

Dover Corp (NYSE:DOV) Director Kristiane C. Graham sold 100 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $120.00, for a total transaction of $12,000.00. Following the sale, the director now directly owns 357,792 shares of the company’s stock, valued at $42,935,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE:DOV opened at $117.87 on Friday. Dover Corp has a 1-year low of $77.95 and a 1-year high of $120.04. The company has a 50-day moving average of $115.54 and a 200 day moving average of $103.48. The firm has a market cap of $17.12 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.63 and a beta of 1.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.42 and a quick ratio of 0.97.

DOV has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $96.00 target price on shares of Dover and gave the company a “hold” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of Dover from $82.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Deutsche Bank upped their price objective on shares of Dover from $107.00 to $119.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Zacks Investment Research raised shares of Dover from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on shares of Dover from $114.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Dover has a consensus rating of “Hold” and a consensus target price of $109.11.

A number of large investors have recently added to or reduced their stakes in DOV. Nuveen Asset Management LLC lifted its stake in Dover by 50,089.3% in the second quarter. Nuveen Asset Management LLC now owns 1,981,474 shares of the industrial products company’s stock worth $198,544,000 after acquiring an additional 1,977,526 shares during the period. BlackRock Inc. raised its holdings in Dover by 3.1% in the second quarter. BlackRock Inc. now owns 12,354,483 shares of the industrial products company’s stock worth $1,237,921,000 after purchasing an additional 371,171 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Dover by 17.3% in the third quarter. Wedge Capital Management L L P NC now owns 1,090,645 shares of the industrial products company’s stock worth $108,585,000 after purchasing an additional 160,869 shares in the last quarter. First Trust Advisors LP raised its holdings in Dover by 42.2% in the third quarter. First Trust Advisors LP now owns 491,829 shares of the industrial products company’s stock worth $48,966,000 after purchasing an additional 146,065 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Dover by 26.7% in the second quarter. Morgan Stanley now owns 637,933 shares of the industrial products company’s stock worth $63,922,000 after purchasing an additional 134,275 shares in the last quarter. 86.93% of the stock is owned by institutional investors.

About Dover

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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