Regents Gate Capital LLP Invests $6.33 Million in Dover Co. (NYSE:DOV)

Regents Gate Capital LLP acquired a new position in Dover Co. (NYSE:DOV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 33,755 shares of the industrial products company’s stock, valued at approximately $6,332,000. Dover accounts for approximately 2.5% of Regents Gate Capital LLP’s investment portfolio, making the stock its 16th biggest position.

A number of other large investors also recently added to or reduced their stakes in DOV. Versor Investments LP acquired a new position in Dover in the third quarter valued at approximately $1,920,000. Assenagon Asset Management S.A. lifted its stake in shares of Dover by 195.6% in 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 purchasing an additional 60,235 shares during the period. Principal Financial Group Inc. grew its stake in shares of Dover by 3.1% during the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after purchasing an additional 5,372 shares during the period. Empowered Funds LLC increased its holdings in Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock valued at $2,523,000 after purchasing an additional 4,629 shares during the last quarter. Finally, TrueWealth Advisors LLC acquired a new position in Dover in the fourth quarter valued at about $475,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company upped their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Oppenheimer reissued an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Finally, UBS Group reduced their target price on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Price Performance

Shares of DOV opened at $202.59 on Monday. The company has a 50 day moving average of $195.31 and a 200-day moving average of $191.11. 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 stock has a market capitalization of $27.79 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.03 and a beta of 1.24. Dover Co. has a twelve month low of $158.19 and a twelve month high of $222.31.

Dover (NYSE:DOV) last issued its 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%. As a group, equities research analysts forecast that Dover Co. will post 9.47 EPS 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.