Dover Co. (NYSE:DOV) Shares Bought by Oxford Asset Management LLP

Oxford Asset Management LLP grew its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 199.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,446 shares of the industrial products company's stock after buying an additional 2,296 shares during the period. Oxford Asset Management LLP's holdings in Dover were worth $646,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Dover in the 4th quarter worth approximately $28,000. R Squared Ltd bought a new position in shares of Dover during the 4th quarter valued at approximately $34,000. EverSource Wealth Advisors LLC increased its position in shares of Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 87 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of Dover during the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Dover during the 4th quarter valued at approximately $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DOV. Royal Bank of Canada reissued a "sector perform" rating and set a $176.00 target price on shares of Dover in a research report on Friday, April 25th. Robert W. Baird cut their price objective on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Citigroup cut their price objective on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Oppenheimer reissued an "outperform" rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on Dover from $230.00 to $189.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $206.33.

Dover Stock Performance

NYSE DOV traded down $0.35 during mid-day trading on Thursday, reaching $170.30. 423,540 shares of the stock were exchanged, compared to its average volume of 970,988. The business's 50 day moving average is $174.89 and its 200-day moving average is $189.30. Dover Co. has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a market capitalization of $23.34 billion, a P/E ratio of 8.78, a P/E/G ratio of 2.06 and a beta of 1.24. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.06. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. The company's revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.95 earnings per share. On average, equities research analysts forecast that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, February 28th. Dover's payout ratio is 12.41%.

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.