Advisory Resource Group Has $4.82 Million Stock Position in Dover Co. (NYSE:DOV)

Advisory Resource Group increased its position in shares of Dover Co. (NYSE:DOV) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,703 shares of the industrial products company’s stock after acquiring an additional 982 shares during the period. Advisory Resource Group’s holdings in Dover were worth $4,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vest Financial LLC grew its position in Dover by 9.9% during the 4th quarter. Vest Financial LLC now owns 307,183 shares of the industrial products company’s stock worth $57,628,000 after acquiring an additional 27,765 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Dover during the 4th quarter worth $46,000. Lecap Asset Management Ltd. grew its position in Dover by 146.9% during the 4th quarter. Lecap Asset Management Ltd. now owns 7,781 shares of the industrial products company’s stock worth $1,460,000 after acquiring an additional 4,630 shares during the last quarter. Tobam grew its position in Dover by 121.8% during the 4th quarter. Tobam now owns 785 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 431 shares during the last quarter. Finally, Global X Japan Co. Ltd. grew its position in shares of 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 valued at $528,000 after buying an additional 422 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DOV shares. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group upped their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Mizuho upped their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Citigroup reduced their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. upped their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Down 1.0 %

DOV stock opened at $202.59 on Friday. The stock’s 50 day simple moving average is $195.31 and its 200 day simple moving average is $191.01. Dover Co. has a fifty-two week low of $158.19 and a fifty-two week high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The company has a market cap of $27.79 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 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 expect that Dover Co. will post 9.47 earnings per share for the current fiscal year.

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.