Regents Gate Capital LLP Purchases New Holdings in Dover Co. (NYSE:DOV)

Regents Gate Capital LLP acquired a new stake in Dover Co. (NYSE:DOV) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 33,755 shares of the industrial products company’s stock, valued at approximately $6,332,000. Dover makes up about 2.5% of Regents Gate Capital LLP’s portfolio, making the stock its 16th largest holding.

Other institutional investors have also recently modified their holdings of the company. Financial Life Planners bought a new stake in Dover during the fourth quarter worth about $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd acquired a new stake in shares of Dover during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC acquired a new position in Dover during the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover during the fourth quarter worth $46,000. 84.46% of the stock is currently owned by institutional investors.

Dover Price Performance

Shares of DOV opened at $202.59 on Monday. The business has a 50-day moving average of $195.31 and a 200-day moving average of $191.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The company has a market capitalization of $27.79 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. Dover Co. has a 1 year low of $158.19 and a 1 year high of $222.31.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, equities research analysts anticipate that Dover Co. will post 9.47 earnings per share for the current year.

Wall Street Analyst Weigh In

DOV has been the topic of several recent analyst reports. Mizuho lifted their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Barclays boosted their target price on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company increased their price objective 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. Finally, StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.91.

About Dover

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.