Stonebridge Financial Group LLC Invests $107,000 in Dover Co. (NYSE:DOV)

Stonebridge Financial Group LLC acquired a new stake in Dover Co. (NYSE:DOV) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 573 shares of the industrial products company’s stock, valued at approximately $107,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new position in shares of Dover during the 4th quarter worth about $28,000. Ashton Thomas Securities LLC bought a new position in Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd acquired a new position in Dover during the fourth quarter valued at approximately $34,000. Kieckhefer Group LLC bought a new stake in Dover in the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover in the fourth quarter worth $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

NYSE DOV opened at $201.01 on Thursday. Dover Co. has a 12-month low of $158.29 and a 12-month high of $222.31. The firm’s 50 day moving average is $195.21 and its 200-day moving average is $191.42. The company has a market capitalization of $27.58 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. 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 (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities research analysts anticipate that Dover Co. will post 9.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Citigroup decreased their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada boosted their target price on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Mizuho boosted 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus target price 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.