O Shaughnessy Asset Management LLC Purchases 1,511 Shares of Dover Co. (NYSE:DOV)

O Shaughnessy Asset Management LLC increased its position in Dover Co. (NYSE:DOV) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,503 shares of the industrial products company’s stock after purchasing an additional 1,511 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Dover were worth $4,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOV. Financial Life Planners bought a new position in Dover in the 4th quarter valued at about $28,000. R Squared Ltd bought a new position in shares of Dover in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC boosted its position in shares of Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after buying an additional 87 shares during the last quarter. Kieckhefer Group LLC bought a new stake in Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover in the 4th quarter valued at $46,000. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on DOV shares. Royal Bank of Canada lifted their price objective on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Barclays reduced their price objective on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lifted their target price 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 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, Citigroup reduced their price objective on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.18.

Dover Price Performance

DOV opened at $179.23 on Thursday. The firm has a 50-day moving average price of $192.41 and a 200-day moving average price of $193.48. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last released 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%. Equities analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.15%. Dover’s dividend payout ratio is currently 10.59%.

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.