R Squared Ltd Invests $34,000 in Dover Co. (NYSE:DOV)

R Squared Ltd purchased a new position in Dover Co. (NYSE:DOV) in the fourth quarter, Holdings Channel.com reports. The firm purchased 180 shares of the industrial products company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new position in shares of Dover in the 3rd quarter valued at about $33,000. Kieckhefer Group LLC purchased a new position in Dover during the fourth quarter valued at approximately $38,000. Avior Wealth Management LLC boosted its stake in Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 167 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Dover during the third quarter worth $50,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Dover by 50.5% during the third quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock worth $60,000 after buying an additional 105 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV opened at $202.49 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The stock has a market cap of $27.78 billion, a P/E ratio of 10.41, a PEG ratio of 2.07 and a beta of 1.24. The company has a 50-day moving average of $195.51 and a two-hundred day moving average of $190.45. Dover Co. has a 12-month low of $156.59 and a 12-month high of $214.57.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, research analysts predict that Dover Co. will post 9.42 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, November 29th. Dover’s dividend payout ratio is presently 10.59%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent analyst reports. Mizuho lifted their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. upped their target price on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Citigroup decreased their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.