Guided Capital Wealth Management LLC Takes $1.62 Million Position in Dover Co. (NYSE:DOV)

Guided Capital Wealth Management LLC purchased a new stake in Dover Co. (NYSE:DOV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,648 shares of the industrial products company’s stock, valued at approximately $1,622,000. Dover makes up 1.5% of Guided Capital Wealth Management LLC’s holdings, making the stock its 18th biggest position.

A number of other hedge funds have also made changes to their positions in the company. Spire Wealth Management increased its position in shares of Dover by 2.1% in the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after buying an additional 52 shares in the last quarter. Independent Advisor Alliance increased its position in Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after purchasing an additional 58 shares in the last quarter. ORG Partners LLC increased its position in Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 58 shares in the last quarter. Trust Point Inc. increased its position in Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 59 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Dover by 2.7% during the 3rd quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

DOV has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Finally, Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Stock Performance

NYSE DOV opened at $202.59 on Wednesday. The firm has a market capitalization of $27.79 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.03 and a beta of 1.24. Dover Co. has a 1-year low of $158.29 and a 1-year high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The business’s 50-day simple moving average is $195.26 and its 200-day simple moving average is $191.36.

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, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities analysts predict that Dover Co. will post 9.47 EPS for the current year.

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.