Two Point Capital Management Inc. Purchases 51 Shares of Dover Co. (NYSE:DOV)

Two Point Capital Management Inc. lifted its position in Dover Co. (NYSE:DOV) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 40,193 shares of the industrial products company’s stock after acquiring an additional 51 shares during the quarter. Dover comprises approximately 2.8% of Two Point Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Two Point Capital Management Inc.’s holdings in Dover were worth $7,975,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DOV. Capital Advisors Inc. OK purchased a new stake in Dover during the fourth quarter valued at about $289,000. Guided Capital Wealth Management LLC bought a new position in shares of Dover in the fourth quarter worth approximately $1,622,000. Stonebridge Financial Group LLC bought a new position in Dover during the fourth quarter valued at approximately $107,000. Regents Gate Capital LLP bought a new position in Dover during the fourth quarter valued at approximately $6,332,000. Finally, Kestra Private Wealth Services LLC grew its position in Dover by 29.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 6,206 shares of the industrial products company’s stock valued at $1,164,000 after acquiring an additional 1,427 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

DOV stock opened at $201.01 on Thursday. Dover Co. has a 52-week low of $158.29 and a 52-week high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $195.21 and a two-hundred day moving average of $191.42. The stock has a market cap of $27.58 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, research analysts anticipate that Dover Co. will post 9.47 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on DOV shares. 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 research note on Friday, January 31st. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a report on Monday, October 28th. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. UBS Group dropped their target price on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.