Hudson Edge Investment Partners Inc. Buys 660 Shares of Dover Co. (NYSE:DOV)

Hudson Edge Investment Partners Inc. lifted its stake in Dover Co. (NYSE:DOV) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,082 shares of the industrial products company’s stock after acquiring an additional 660 shares during the quarter. Dover accounts for about 1.2% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 21st largest holding. Hudson Edge Investment Partners Inc.’s holdings in Dover were worth $6,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DOV. Versor Investments LP bought a new stake in shares of Dover in the third quarter worth $1,920,000. Assenagon Asset Management S.A. raised its position in Dover by 195.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after acquiring an additional 60,235 shares during the period. Principal Financial Group Inc. grew its position in shares of Dover by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after acquiring an additional 5,372 shares during the period. Empowered Funds LLC raised its holdings in Dover by 54.3% in the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after purchasing an additional 4,629 shares during the period. Finally, TrueWealth Advisors LLC purchased a new position in Dover during the fourth quarter valued at $475,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOV has been the subject of a number of analyst reports. UBS Group reduced their price target on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays upped their target price on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Performance

NYSE:DOV opened at $200.43 on Friday. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.04 and a beta of 1.24. Dover Co. has a 1 year low of $161.19 and a 1 year high of $222.31. The stock’s 50 day simple moving average is $195.51 and its two-hundred day simple moving average is $192.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV) last released its quarterly 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 net margin of 32.95% and a return on equity of 21.03%. As a group, equities analysts anticipate that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.03%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Dover 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.