SG Americas Securities LLC Sells 100,065 Shares of Dover Co. (NYSE:DOV)

SG Americas Securities LLC decreased its position in Dover Co. (NYSE:DOV) by 98.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,526 shares of the industrial products company’s stock after selling 100,065 shares during the quarter. SG Americas Securities LLC’s holdings in Dover were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Dover in the third quarter worth approximately $33,000. Kieckhefer Group LLC purchased a new position in shares of Dover in the 4th quarter valued at approximately $38,000. Avior Wealth Management LLC boosted its stake in Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 167 shares in the last quarter. Coastline Trust Co bought a new stake in Dover in the third quarter worth $50,000. Finally, Cromwell Holdings LLC grew its position in Dover by 50.5% during the 3rd quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Mizuho lifted their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group reduced their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Up 1.0 %

Shares of DOV stock opened at $204.93 on Thursday. The company has a market capitalization of $28.11 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 2.07 and a beta of 1.24. 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 company’s fifty day moving average price is $195.41 and its 200-day moving average price is $190.69. Dover Co. has a one year low of $158.19 and a one year high of $222.31.

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, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Sell-side analysts expect that Dover Co. will post 9.42 EPS for the current fiscal 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.