Longboard Asset Management LP Makes New $214,000 Investment in Dover Co. (NYSE:DOV)

Longboard Asset Management LP purchased a new stake in shares of Dover Co. (NYSE:DOV) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,143 shares of the industrial products company’s stock, valued at approximately $214,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Dover during the 4th quarter valued at about $28,000. Ashton Thomas Securities LLC bought a new stake in Dover during the third quarter valued at approximately $33,000. R Squared Ltd bought a new position in shares of Dover in the 4th quarter worth $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover during the 4th quarter worth $38,000. Finally, Avior Wealth Management LLC raised its position in Dover by 183.5% during 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 in the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DOV. Royal Bank of Canada boosted their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday. Citigroup reduced their price objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Mizuho raised their price target on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. 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 report on Friday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $218.91.

Dover Trading Down 0.6 %

Dover stock opened at $202.49 on Tuesday. Dover Co. has a 12 month low of $156.59 and a 12 month high of $214.57. The company has a market capitalization of $27.78 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The business’s fifty day simple moving average is $195.51 and its two-hundred day simple moving average is $190.45. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

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

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. Dover’s payout ratio is currently 10.59%.

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.