O Shaughnessy Asset Management LLC Purchases 1,511 Shares of Dover Co. (NYSE:DOV)

O Shaughnessy Asset Management LLC grew its position in Dover Co. (NYSE:DOV) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,503 shares of the industrial products company’s stock after purchasing an additional 1,511 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Dover were worth $4,409,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DOV. Financial Life Planners bought a new stake in Dover in the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Dover in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC grew its position in Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC bought a new position in Dover during the 4th quarter worth $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Dover in the 4th quarter valued at $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

NYSE DOV opened at $179.23 on Thursday. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 2.06 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 Co. has a twelve month low of $168.20 and a twelve month high of $222.31. The stock has a fifty day simple moving average of $192.41 and a 200 day simple moving average of $193.48.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Sell-side analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.15%. Dover’s dividend payout ratio is currently 10.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DOV shares. JPMorgan Chase & Co. raised their price target on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays dropped their target price on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Citigroup lowered their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group raised their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.18.

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.