1,143 Shares in Dover Co. (NYSE:DOV) Purchased by Longboard Asset Management LP

Longboard Asset Management LP purchased a new stake in shares of Dover Co. (NYSE:DOV) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,143 shares of the industrial products company’s stock, valued at approximately $214,000.

Other large investors have also recently made changes to their positions in the company. Rockline Wealth Management LLC grew its position in Dover by 5.2% in the 4th quarter. Rockline Wealth Management LLC now owns 21,006 shares of the industrial products company’s stock worth $3,941,000 after purchasing an additional 1,030 shares during the period. Trust Point Inc. grew its stake in shares of Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 59 shares during the period. Financial Life Planners purchased a new stake in shares of Dover during the 4th quarter valued at about $28,000. Catalina Capital Group LLC boosted its holdings in shares of Dover by 4.2% in the fourth quarter. Catalina Capital Group LLC now owns 1,745 shares of the industrial products company’s stock worth $327,000 after buying an additional 70 shares during the last quarter. Finally, Greenleaf Trust grew its position in Dover by 101.7% during the fourth quarter. Greenleaf Trust now owns 5,271 shares of the industrial products company’s stock valued at $989,000 after buying an additional 2,658 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Price Performance

Shares of DOV stock opened at $202.49 on Tuesday. The company has a market capitalization of $27.78 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.07 and a beta of 1.24. The company’s 50-day simple moving average is $195.51 and its two-hundred day simple moving average is $190.45. Dover Co. has a one year low of $156.59 and a one year high of $214.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that Dover Co. will post 9.42 EPS for the current year.

Dover Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on DOV. JPMorgan Chase & Co. raised their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday. Barclays boosted their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday. Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research report on Monday, October 28th. Finally, StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.91.

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.