MeadowBrook Investment Advisors LLC Sells 225 Shares of Dover Co. (NYSE:DOV)

MeadowBrook Investment Advisors LLC reduced its holdings in shares of Dover Co. (NYSE:DOV) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 7,783 shares of the industrial products company’s stock after selling 225 shares during the period. Dover comprises 1.3% of MeadowBrook Investment Advisors LLC’s portfolio, making the stock its 20th biggest holding. MeadowBrook Investment Advisors LLC’s holdings in Dover were worth $1,460,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DOV. Financial Life Planners bought a new position in shares of Dover in the fourth quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new position in Dover during the 3rd quarter valued at approximately $33,000. R Squared Ltd bought a new stake in shares of Dover in the 4th quarter valued at approximately $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover in the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover during the 4th quarter worth approximately $46,000. 84.46% of the stock is owned by institutional investors.

Dover Trading Down 0.5 %

Dover stock opened at $202.59 on Wednesday. The stock has a market cap of $27.79 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.03 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 12 month low of $158.29 and a 12 month high of $222.31. The company’s fifty day simple moving average is $195.26 and its 200-day simple moving average is $191.36.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 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, sell-side analysts forecast that Dover Co. will post 9.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DOV. UBS Group decreased their target price on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Citigroup decreased their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a report on Monday, October 28th. Finally, Royal Bank of Canada lifted their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

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.