Dover Corp (NYSE:DOV) was downgraded by equities researchers at SunTrust to a “neutral” rating in a research note issued on Monday, Market Beat reports.
In related news, Director Michael F. Johnston purchased 4,000 shares of Dover Corp stock in a transaction that occurred on Wednesday, February 17th. The shares were acquired at an average price of $61.80 per share, for a total transaction of $247,200.00. Following the transaction, the director now directly owns 8,523 shares in the company, valued at $526,721.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Sellhausen sold 18,500 shares of the company’s stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $59.86, for a total transaction of $1,107,410.00. Following the transaction, the senior vice president now owns 22,423 shares in the company, valued at approximately $1,342,240.78. The disclosure for this sale can be found here.
Source: American Banking and Market News