Vest Financial LLC Has $57.63 Million Stock Position in Dover Co. (NYSE:DOV)

Vest Financial LLC raised its holdings in Dover Co. (NYSE:DOV) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 307,183 shares of the industrial products company’s stock after buying an additional 27,765 shares during the period. Dover comprises approximately 1.0% of Vest Financial LLC’s investment portfolio, making the stock its 17th biggest holding. Vest Financial LLC’s holdings in Dover were worth $57,628,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DOV. Golden State Wealth Management LLC bought a new stake in Dover in the 4th quarter valued at $46,000. Lecap Asset Management Ltd. increased its holdings in shares of Dover by 146.9% in the fourth quarter. Lecap Asset Management Ltd. now owns 7,781 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 4,630 shares during the last quarter. Tobam lifted its stake in shares of Dover by 121.8% during the 4th quarter. Tobam now owns 785 shares of the industrial products company’s stock worth $147,000 after buying an additional 431 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in shares of Dover by 17.6% during the 4th quarter. Global X Japan Co. Ltd. now owns 2,815 shares of the industrial products company’s stock worth $528,000 after buying an additional 422 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Dover by 0.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,351 shares of the industrial products company’s stock valued at $4,005,000 after buying an additional 181 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Price Performance

DOV stock opened at $202.59 on Friday. The company’s 50-day moving average price is $195.31 and its two-hundred day moving average price is $190.93. The firm has a market cap of $27.79 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.07 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 12 month low of $158.19 and a 12 month high of $222.31.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, analysts anticipate that Dover Co. will post 9.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DOV shares. The Goldman Sachs Group raised their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. 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. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Barclays boosted their target price 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.91.

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.