Dover Co. (NYSE:DOV) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt trimmed its stake in shares of Dover Co. (NYSE:DOV) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,386 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dover were worth $4,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of DOV. Financial Life Planners purchased a new stake in shares of Dover in the 4th quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in Dover in the 3rd quarter worth approximately $33,000. R Squared Ltd bought a new stake in shares of Dover during the 4th quarter worth $34,000. Kieckhefer Group LLC bought a new position in shares of Dover in the fourth quarter worth about $38,000. Finally, Avior Wealth Management LLC grew its stake in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

NYSE:DOV opened at $204.41 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $195.37 and a 200 day simple moving average of $190.79. Dover Co. has a 1-year low of $158.19 and a 1-year high of $222.31. The stock has a market capitalization of $28.04 billion, a PE ratio of 10.51, 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 for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, research analysts expect that Dover Co. will post 9.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price 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 upped their price objective on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group raised their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.