Dover Co. (NYSE:DOV) Shares Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. boosted its position in Dover Co. (NYSE:DOV) by 146.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,781 shares of the industrial products company’s stock after purchasing an additional 4,630 shares during the period. Lecap Asset Management Ltd.’s holdings in Dover were worth $1,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DOV. Versor Investments LP acquired a new stake in shares of Dover in the third quarter valued at about $1,920,000. Assenagon Asset Management S.A. increased its holdings in Dover by 195.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after buying an additional 60,235 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Dover by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after acquiring an additional 5,372 shares during the period. Empowered Funds LLC boosted its stake in shares of Dover by 54.3% during the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after acquiring an additional 4,629 shares in the last quarter. Finally, TrueWealth Advisors LLC acquired a new stake in shares of Dover in the 4th quarter worth approximately $475,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of NYSE DOV opened at $202.59 on Friday. 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’s 50-day moving average price is $195.31 and its two-hundred day moving average price is $190.93. Dover Co. has a 52-week low of $158.19 and a 52-week high of $222.31. The stock 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 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 return on equity of 21.03% and a net margin of 32.95%. As a group, sell-side analysts forecast that Dover Co. will post 9.42 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on DOV. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price (up from $220.00) on shares of Dover in a research report on Friday, January 31st. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday. Citigroup dropped their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada increased their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Finally, Wolfe Research raised 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.