Capital Advisors Inc. OK acquired a new position in shares of Dover Co. (NYSE:DOV – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,542 shares of the industrial products company’s stock, valued at approximately $289,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management increased its stake in shares of Dover by 2.1% during the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after buying an additional 52 shares during the period. Independent Advisor Alliance grew its holdings 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 increased its position in Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 58 shares during the period. Trust Point Inc. raised its holdings in shares of Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 59 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in shares of Dover by 2.7% in the 3rd 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 during the period. 84.46% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Barclays raised their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their target price on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Mizuho raised their price target on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.91.
Dover Stock Down 0.8 %
NYSE:DOV opened at $201.01 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover Co. has a twelve month low of $158.29 and a twelve month high of $222.31. The company has a market cap of $27.58 billion, a PE ratio of 10.33, a P/E/G ratio of 2.03 and a beta of 1.24. The company’s 50 day moving average is $195.21 and its two-hundred day moving average is $191.42.
Dover (NYSE:DOV – Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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%. Analysts anticipate that Dover Co. will post 9.47 EPS for the current year.
About Dover
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.
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