Dover Co. (NYSE:DOV) Shares Purchased by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. raised its holdings in Dover Co. (NYSE:DOV) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,815 shares of the industrial products company’s stock after buying an additional 422 shares during the period. Global X Japan Co. Ltd.’s holdings in Dover were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DOV. Spire Wealth Management increased its stake in Dover by 2.1% in the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 52 shares during the last quarter. Independent Advisor Alliance raised its stake in Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after acquiring an additional 58 shares in the last quarter. ORG Partners LLC boosted its stake in Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 58 shares in the last quarter. Trust Point Inc. grew its holdings in shares of Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 59 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in shares of Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Price Performance

NYSE:DOV opened at $204.41 on Friday. The business’s 50-day moving average price is $195.37 and its 200 day moving average price is $190.79. The firm has a market cap of $28.04 billion, a P/E ratio of 10.51, a PEG ratio of 2.07 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a 52-week low of $158.19 and a 52-week high of $222.31.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, sell-side analysts predict that Dover Co. will post 9.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DOV has been the topic of several research analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. 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 research report on Monday, October 28th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company raised their price target on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada upped their price objective on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Company 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.