Capital Advisors Inc. OK Purchases Shares of 1,542 Dover Co. (NYSE:DOV)

Capital Advisors Inc. OK acquired a new position in Dover Co. (NYSE:DOV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,542 shares of the industrial products company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DOV. Financial Life Planners purchased a new stake in Dover in the 4th quarter worth $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Dover during the third quarter worth about $33,000. R Squared Ltd bought a new stake in Dover during the 4th quarter valued at approximately $34,000. Kieckhefer Group LLC purchased a new position in Dover in the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover in the 4th quarter worth approximately $46,000. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. UBS Group reduced their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Oppenheimer reissued an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Barclays lifted their target price on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Performance

NYSE:DOV opened at $201.01 on Thursday. The firm has a market capitalization of $27.58 billion, a PE ratio of 10.33, a PEG ratio of 2.03 and a beta of 1.24. The stock’s fifty day moving average is $195.21 and its 200 day moving average is $191.42. Dover Co. has a fifty-two week low of $158.29 and a fifty-two week high of $222.31. 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 announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, sell-side analysts anticipate that Dover Co. will post 9.47 earnings per share for the current year.

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.