MeadowBrook Investment Advisors LLC Decreases Holdings in Dover Co. (NYSE:DOV)

MeadowBrook Investment Advisors LLC cut its holdings in shares of Dover Co. (NYSE:DOV) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,783 shares of the industrial products company’s stock after selling 225 shares during the quarter. Dover makes up 1.3% of MeadowBrook Investment Advisors LLC’s investment portfolio, making the stock its 20th largest holding. MeadowBrook Investment Advisors LLC’s holdings in Dover were worth $1,460,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Dover by 0.9% during the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after acquiring an additional 56,149 shares during the period. Geode Capital Management LLC grew its stake in shares of Dover by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after acquiring an additional 25,993 shares during the period. FMR LLC boosted its stake in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after purchasing an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Dover by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after purchasing an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Dover by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock worth $155,566,000 after purchasing an additional 9,464 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

Shares of DOV stock opened at $202.59 on Wednesday. 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 Co. has a fifty-two week low of $158.29 and a fifty-two week high of $222.31. The firm has a market cap 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. The business’s 50 day moving average price is $195.26 and its 200-day moving average price is $191.36.

Dover (NYSE:DOV) last released its quarterly 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 return on equity of 21.03% and a net margin of 32.95%. On average, equities research analysts anticipate that Dover Co. will post 9.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DOV has been the subject of several analyst reports. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Citigroup lowered their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company raised their price target on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average target price of $218.91.

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.