E. Ohman J or Asset Management AB Buys 850 Shares of Dover Co. (NYSE:DOV)

E. Ohman J or Asset Management AB raised its stake in shares of Dover Co. (NYSE:DOV) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,650 shares of the industrial products company’s stock after acquiring an additional 850 shares during the period. E. Ohman J or Asset Management AB’s holdings in Dover were worth $1,248,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DOV. FMR LLC lifted its stake in Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after acquiring an additional 149,378 shares in the last quarter. National Bank of Canada FI lifted its stake in Dover by 313.7% during the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock valued at $36,647,000 after acquiring an additional 144,930 shares in the last quarter. Barclays PLC lifted its stake in Dover by 26.6% during the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after acquiring an additional 75,670 shares in the last quarter. International Assets Investment Management LLC bought a new position in Dover during the 3rd quarter valued at $14,459,000. Finally, Assenagon Asset Management S.A. lifted its stake in Dover by 195.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after acquiring an additional 60,235 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DOV shares. Barclays lifted 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. Royal Bank of Canada lifted their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research note on Monday, October 28th. UBS Group lowered their target price on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Up 1.0 %

DOV stock opened at $204.93 on Thursday. 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 firm has a market capitalization of $28.11 billion, a PE ratio of 10.54, a PEG ratio of 2.07 and a beta of 1.24. Dover Co. has a twelve month low of $158.19 and a twelve month high of $222.31. The stock has a 50-day simple moving average of $195.41 and a two-hundred day simple moving average of $190.69.

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 analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, equities analysts predict that Dover Co. will post 9.42 EPS for the current fiscal year.

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.