Stonebridge Financial Group LLC Makes New $107,000 Investment in Dover Co. (NYSE:DOV)

Stonebridge Financial Group LLC acquired a new stake in Dover Co. (NYSE:DOV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 573 shares of the industrial products company’s stock, valued at approximately $107,000.

Several other institutional investors also recently modified their holdings of DOV. State Street Corp grew its holdings in Dover by 0.9% during the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after purchasing an additional 56,149 shares during the period. Geode Capital Management LLC lifted its position in shares of Dover by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after buying an additional 25,993 shares during the last quarter. FMR LLC boosted its stake in shares of Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after acquiring an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dover by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after acquiring an additional 17,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Dover by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock valued at $155,566,000 after acquiring an additional 9,464 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 0.8 %

Shares of NYSE:DOV opened at $201.01 on Thursday. The business’s 50 day simple moving average is $195.21 and its 200 day simple moving average is $191.42. Dover Co. has a 1 year low of $158.29 and a 1 year high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The company has a market capitalization of $27.58 billion, a P/E ratio of 10.33, a P/E/G ratio of 2.03 and a beta of 1.24.

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

Wall Street Analyst Weigh In

A number of research firms have commented on DOV. JPMorgan Chase & Co. lifted their price objective on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Royal Bank of Canada boosted their price objective on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Finally, Barclays increased their target price on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average 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.