Global X Japan Co. Ltd. Purchases 422 Shares of Dover Co. (NYSE:DOV)

Global X Japan Co. Ltd. lifted its holdings in Dover Co. (NYSE:DOV) by 17.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,815 shares of the industrial products company’s stock after purchasing an additional 422 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Dover were worth $528,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Versor Investments LP purchased a new stake in Dover in the third quarter valued at approximately $1,920,000. Brendel Financial Advisors LLC boosted its holdings in Dover by 347.7% in the third quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock valued at $4,366,000 after purchasing an additional 17,685 shares during the last quarter. Assenagon Asset Management S.A. raised its stake 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 buying an additional 60,235 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Dover by 3.1% in 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 buying an additional 5,372 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after buying an additional 4,629 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 0.2 %

Shares of DOV opened at $204.41 on Friday. The company’s 50-day moving average price is $195.37 and its 200 day moving average price is $190.79. The firm has a market cap of $28.04 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. Dover Co. has a 12-month low of $158.19 and a 12-month high of $222.31. 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 posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, sell-side analysts forecast that Dover Co. will post 9.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Barclays raised their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Mizuho upped their target price on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price target on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” 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 company presently has an average rating of “Moderate Buy” and an average target price of $218.91.

About Dover

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.