Tobam Purchases 431 Shares of Dover Co. (NYSE:DOV)

Tobam increased its position in shares of Dover Co. (NYSE:DOV) by 121.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 785 shares of the industrial products company’s stock after purchasing an additional 431 shares during the period. Tobam’s holdings in Dover were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DOV. FMR LLC grew its position in shares of Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after purchasing an additional 149,378 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Dover by 313.7% in the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock valued at $36,647,000 after buying an additional 144,930 shares during the period. Barclays PLC grew its position in Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock worth $69,082,000 after buying an additional 75,670 shares in the last quarter. International Assets Investment Management LLC bought a new position in Dover during the 3rd quarter worth $14,459,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Dover by 195.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after acquiring an additional 60,235 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on DOV. Barclays raised their price target on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. UBS Group dropped their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company raised their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Trading Down 1.0 %

Shares of DOV stock opened at $202.59 on Friday. Dover Co. has a twelve month low of $158.19 and a twelve month high of $222.31. The stock’s fifty day simple moving average is $195.31 and its 200 day simple moving average is $190.93. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market capitalization 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.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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%. As a group, sell-side analysts predict that Dover Co. will post 9.42 EPS for the current fiscal year.

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.