E. Ohman J or Asset Management AB Buys 850 Shares of Dover Co. (NYSE:DOV)

E. Ohman J or Asset Management AB boosted its stake in shares of Dover Co. (NYSE:DOV) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,650 shares of the industrial products company’s stock after purchasing an additional 850 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Dover were worth $1,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management lifted its holdings in shares of Dover by 2.1% during the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after buying an additional 52 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of Dover by 0.3% during the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 58 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares in the last quarter. Trust Point Inc. lifted its holdings in shares of Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after buying an additional 59 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Dover stock opened at $204.93 on Thursday. The business has a 50 day moving average of $195.41 and a 200-day moving average of $190.69. Dover Co. has a 1 year low of $158.19 and a 1 year high of $222.31. 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 $28.11 billion, a P/E ratio of 10.54, a P/E/G ratio of 2.07 and a beta of 1.24.

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, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, equities research analysts predict that Dover Co. will post 9.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DOV. Mizuho boosted 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. Wells Fargo & Company boosted their price target on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada boosted their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Finally, StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Company 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.