Monday, August 07, 2017 10:15 PM ET
Insider Sale at Dover (DOV) Continues Selling Trend
One insider — Michael B Stubbs, Director — today, disposed of 25,000 shares of Dover having a market value of approximately $2,175,955, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 15,638 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 40,638 shares and have averaged 20,319 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Dover is higher than its 53-company peer group average. The Industrial Machinery & Equipment peer group saw 34 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares traded per transaction by Dover insiders is lower than its peers. Within the peer group there were 6,551 shares purchased and 23,377,158 shares sold with company insiders having sold 687,371 shares on average over this time period.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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