Choreo LLC Sells 62 Shares of Dover Co. (NYSE:DOV)

Choreo LLC trimmed its position in Dover Co. (NYSE:DOV) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,336 shares of the industrial products company’s stock after selling 62 shares during the period. Choreo LLC’s holdings in Dover were worth $994,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DOV. Financial Life Planners bought a new position in Dover during the fourth quarter valued at about $28,000. Ashton Thomas Securities LLC purchased a new position in Dover in the third quarter valued at about $33,000. R Squared Ltd purchased a new stake in shares of Dover during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover in the 4th quarter worth approximately $38,000. Finally, Avior Wealth Management LLC lifted its stake in Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 1.0 %

Dover stock opened at $202.59 on Monday. The stock has a market cap of $27.79 billion, a P/E ratio of 10.42, a PEG ratio of 2.03 and a beta of 1.24. Dover Co. has a fifty-two week low of $158.19 and a fifty-two week high of $222.31. The firm’s fifty day moving average price is $195.31 and its 200-day moving average price is $191.11. 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 quarterly earnings results 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 return on equity of 21.03% and a net margin of 32.95%. Equities research analysts forecast that Dover Co. will post 9.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on DOV. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a report on Friday, January 31st. Mizuho lifted their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their price objective on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.