Trust Point Inc. Buys 59 Shares of Dover Co. (NYSE:DOV)

Trust Point Inc. increased its stake in shares of Dover Co. (NYSE:DOV) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,957 shares of the industrial products company’s stock after buying an additional 59 shares during the quarter. Trust Point Inc.’s holdings in Dover were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DOV. Financial Life Planners bought a new position in shares of Dover during the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd bought a new position in Dover in the 4th quarter valued at $34,000. Kieckhefer Group LLC bought a new position in Dover in the 4th quarter valued at $38,000. Finally, Avior Wealth Management LLC raised its position in Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Up 1.0 %

Shares of Dover 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. Dover Co. has a 12 month low of $158.19 and a 12 month high of $222.31. The business has a fifty day simple moving average of $195.41 and a 200 day simple moving average of $190.69. The stock has a market cap of $28.11 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Research analysts predict that Dover Co. will post 9.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on DOV. JPMorgan Chase & Co. lifted their price objective on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Mizuho lifted their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, UBS Group lowered their target price on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Company 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.