Benedict Financial Advisors Inc. Sells 354 Shares of Dover Co. (NYSE:DOV)

Benedict Financial Advisors Inc. decreased its stake in shares of Dover Co. (NYSE:DOV) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,669 shares of the industrial products company’s stock after selling 354 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Dover were worth $3,690,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC boosted its stake in Dover by 11.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,774 shares of the industrial products company’s stock worth $340,000 after purchasing an additional 183 shares in the last quarter. CWM LLC lifted its stake in shares of Dover by 5.3% in the third quarter. CWM LLC now owns 2,639 shares of the industrial products company’s stock worth $506,000 after buying an additional 132 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Dover by 11.2% during the third quarter. Wedmont Private Capital now owns 2,414 shares of the industrial products company’s stock valued at $453,000 after buying an additional 244 shares during the last quarter. Tobam raised its holdings in Dover by 33.6% in the 3rd quarter. Tobam now owns 354 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 89 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in Dover by 27.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 31,386 shares of the industrial products company’s stock valued at $6,018,000 after acquiring an additional 6,800 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Price Performance

Shares of Dover stock opened at $202.59 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The stock’s fifty day moving average is $195.31 and its 200 day moving average is $191.01. 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. Dover Co. has a one year low of $158.19 and a one year high of $222.31.

Dover (NYSE:DOV) last released its earnings results 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 net margin of 32.95% and a return on equity of 21.03%. Sell-side analysts anticipate that Dover Co. will post 9.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DOV shares. Mizuho boosted their price target on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Oppenheimer reissued an “outperform” rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. UBS Group dropped their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

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.