Boston Family Office LLC purchased a new stake in Dover Corp (NYSE:DOV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,141 shares of the industrial products company’s stock, valued at approximately $317,000.

Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in Dover in the fourth quarter valued at about $133,000. Benjamin F. Edwards & Company Inc. raised its stake in Dover by 388.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock valued at $155,000 after buying an additional 1,347 shares during the last quarter. Cape Cod Five Cents Savings Bank purchased a new stake in Dover in the third quarter valued at about $201,000. NBT Bank N A NY purchased a new stake in Dover in the third quarter valued at about $202,000. Finally, Somerville Kurt F purchased a new stake in Dover in the fourth quarter valued at about $202,000. Institutional investors own 84.45% of the company’s stock.

A number of equities research analysts have commented on DOV shares. BMO Capital Markets reiterated a “buy” rating on shares of Dover in a research note on Friday, January 26th. Zacks Investment Research cut Dover from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Stifel Nicolaus restated a “hold” rating and issued a $100.00 price objective on shares of Dover in a research note on Thursday, December 14th. Royal Bank of Canada restated a “hold” rating and issued a $105.00 price objective on shares of Dover in a research note on Wednesday, January 17th. Finally, UBS Group started coverage on Dover in a research note on Monday, January 22nd. They issued a “neutral” rating for the company. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Dover has an average rating of “Hold” and a consensus target price of $104.42.

In related news, VP Paul Goldberg sold 2,430 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $93.50, for a total transaction of $227,205.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP William T. Bosway sold 6,087 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the sale, the vice president now directly owns 21,877 shares in the company, valued at $2,070,876.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,876 shares of company stock worth $1,026,090. 2.50% of the stock is owned by corporate insiders.

Dover Corp (DOV) opened at $97.35 on Friday. Dover Corp has a 12 month low of $75.51 and a 12 month high of $109.06. The stock has a market capitalization of $15,170.00, a PE ratio of 18.90, a PEG ratio of 1.31 and a beta of 1.28. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Dover (NYSE:DOV) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. Dover had a return on equity of 15.24% and a net margin of 10.37%. Dover’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. research analysts anticipate that Dover Corp will post 5.85 EPS for the current year.

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About Dover

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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