Dover Co. (NYSE:DOV) Stock Position Raised by Trust Point Inc.

Trust Point Inc. raised its position in shares of Dover Co. (NYSE:DOV) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,957 shares of the industrial products company’s stock after purchasing an additional 59 shares during the period. Trust Point Inc.’s holdings in Dover were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOV. Financial Life Planners purchased a new stake in shares of Dover during the 4th quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Dover during the 3rd quarter worth about $33,000. R Squared Ltd purchased a new stake in shares of Dover during the 4th quarter worth about $34,000. Kieckhefer Group LLC purchased a new stake in shares of Dover during the 4th quarter worth about $38,000. Finally, Avior Wealth Management LLC raised its stake in shares of Dover by 183.5% during the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

Shares of DOV stock opened at $204.93 on Thursday. The stock has a 50 day moving average of $195.41 and a two-hundred day moving average of $190.69. 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 12 month low of $158.19 and a 12 month high of $222.31. The company has a market capitalization of $28.11 billion, a P/E ratio of 10.54, a P/E/G ratio of 2.07 and a beta of 1.24.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting 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, equities analysts expect that Dover Co. will post 9.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DOV. Royal Bank of Canada increased their price objective on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Citigroup lowered their price objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Mizuho increased their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a report on Monday, October 28th. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.