8,648 Shares in Dover Co. (NYSE:DOV) Acquired by Guided Capital Wealth Management LLC

Guided Capital Wealth Management LLC bought a new position in shares of Dover Co. (NYSE:DOV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,648 shares of the industrial products company’s stock, valued at approximately $1,622,000. Dover accounts for about 1.5% of Guided Capital Wealth Management LLC’s holdings, making the stock its 18th largest holding.

A number of other large investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Dover in the fourth quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new position in Dover in the third quarter valued at approximately $33,000. R Squared Ltd purchased a new position in Dover in the fourth quarter valued at approximately $34,000. Kieckhefer Group LLC purchased a new position in Dover in the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Dover in the fourth quarter valued at approximately $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DOV. Royal Bank of Canada increased their price objective on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Wells Fargo & Company increased their price objective on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Mizuho increased their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Barclays increased their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, UBS Group decreased their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Price Performance

Shares of NYSE DOV opened at $202.59 on Wednesday. The stock has a fifty day moving average price of $195.26 and a 200 day moving average price of $191.36. The company has a market cap of $27.79 billion, a PE ratio of 10.42, a P/E/G ratio of 2.03 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 1-year low of $158.29 and a 1-year high of $222.31.

Dover (NYSE:DOV) last released its quarterly earnings data 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 return on equity of 21.03% and a net margin of 32.95%. Sell-side analysts forecast that Dover Co. will post 9.47 EPS for the current year.

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.