Dover Co. (NYSE:DOV) Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC grew its position in Dover Co. (NYSE:DOV) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,685 shares of the industrial products company’s stock after purchasing an additional 248 shares during the period. Tectonic Advisors LLC’s holdings in Dover were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DOV. Mirae Asset Global Investments Co. Ltd. lifted its position in Dover by 27.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,302 shares of the industrial products company’s stock valued at $3,629,000 after buying an additional 4,194 shares in the last quarter. E. Ohman J or Asset Management AB raised its stake in shares of Dover by 14.7% in the 4th quarter. E. Ohman J or Asset Management AB now owns 6,650 shares of the industrial products company’s stock valued at $1,248,000 after acquiring an additional 850 shares during the period. Longboard Asset Management LP acquired a new position in shares of Dover during the 4th quarter valued at $214,000. Rockline Wealth Management LLC boosted its position in Dover by 5.2% during the 4th quarter. Rockline Wealth Management LLC now owns 21,006 shares of the industrial products company’s stock worth $3,941,000 after purchasing an additional 1,030 shares during the period. Finally, Trust Point Inc. increased its holdings in Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DOV shares. JPMorgan Chase & Co. upped their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays increased their price objective on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday, October 28th. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Mizuho boosted their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Stock Performance

Shares of DOV stock opened at $204.93 on Thursday. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 2.07 and a beta of 1.24. Dover Co. has a one year low of $158.19 and a one year high of $222.31. The company’s 50-day simple moving average is $195.41 and its 200-day simple moving average is $190.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04.

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%. Equities analysts anticipate that Dover Co. will post 9.42 earnings per share 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.