Livforsakringsbolaget Skandia Omsesidigt Reduces Stock Position in Dover Co. (NYSE:DOV)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Dover Co. (NYSE:DOV) by 15.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,386 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dover were worth $4,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DOV. State Street Corp boosted its position in shares of Dover by 0.9% in the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after purchasing an additional 56,149 shares in the last quarter. Geode Capital Management LLC boosted its position in Dover by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after purchasing an additional 25,993 shares during the last quarter. FMR LLC grew its position in Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after buying an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Dover by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after purchasing an additional 17,193 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Dover by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock valued at $155,566,000 after buying an additional 9,464 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Down 0.2 %

Shares of NYSE DOV opened at $204.41 on Friday. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. Dover Co. has a 1 year low of $158.19 and a 1 year high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The business has a 50-day moving average of $195.37 and a two-hundred day moving average of $190.79.

Dover (NYSE:DOV) last released its quarterly earnings results 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, analysts forecast that Dover Co. will post 9.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DOV shares. Royal Bank of Canada increased their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. UBS Group decreased their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Citigroup reduced their target price on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.