Golden State Wealth Management LLC Takes $46,000 Position in Dover Co. (NYSE:DOV)

Golden State Wealth Management LLC acquired a new stake in Dover Co. (NYSE:DOV) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 246 shares of the industrial products company’s stock, valued at approximately $46,000.

Other large investors have also bought and sold shares of the company. Lecap Asset Management Ltd. increased its holdings in shares of Dover by 146.9% in the fourth quarter. Lecap Asset Management Ltd. now owns 7,781 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 4,630 shares in the last quarter. Tobam boosted its position in shares of Dover by 121.8% in the 4th quarter. Tobam now owns 785 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 431 shares during the period. Global X Japan Co. Ltd. increased its stake in Dover by 17.6% in the 4th quarter. Global X Japan Co. Ltd. now owns 2,815 shares of the industrial products company’s stock worth $528,000 after purchasing an additional 422 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Dover by 0.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,351 shares of the industrial products company’s stock valued at $4,005,000 after buying an additional 181 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Dover by 0.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 349,904 shares of the industrial products company’s stock worth $65,642,000 after buying an additional 2,143 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

DOV stock opened at $202.59 on Wednesday. The company has a market capitalization of $27.79 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 2.03 and a beta of 1.24. The firm has a 50 day moving average of $195.26 and a two-hundred day moving average of $191.36. 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.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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, equities analysts anticipate that Dover Co. will post 9.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. UBS Group dropped their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group raised their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada increased their price target on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.