Two Point Capital Management Inc. Has $6.08 Million Stake in Dover Co. (NYSE:DOV)

Two Point Capital Management Inc. raised its position in shares of Dover Co. (NYSE:DOV) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 39,526 shares of the industrial products company’s stock after acquiring an additional 848 shares during the period. Dover accounts for approximately 2.8% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 20th largest holding. Two Point Capital Management Inc.’s holdings in Dover were worth $6,079,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CX Institutional raised its holdings in Dover by 1.5% in the fourth quarter. CX Institutional now owns 4,933 shares of the industrial products company’s stock worth $759,000 after purchasing an additional 72 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Dover by 0.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,076 shares of the industrial products company’s stock worth $2,801,000 after purchasing an additional 83 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Dover by 8.1% in the third quarter. Lindbrook Capital LLC now owns 1,225 shares of the industrial products company’s stock worth $171,000 after buying an additional 92 shares during the period. Lido Advisors LLC raised its stake in shares of Dover by 2.7% in the third quarter. Lido Advisors LLC now owns 3,828 shares of the industrial products company’s stock worth $534,000 after buying an additional 101 shares during the period. Finally, JGP Wealth Management LLC raised its stake in Dover by 1.1% during the 3rd quarter. JGP Wealth Management LLC now owns 9,918 shares of the industrial products company’s stock valued at $1,384,000 after purchasing an additional 109 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Wells Fargo & Company lifted their target price on Dover from $177.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday. Robert W. Baird lifted their target price on Dover from $185.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer lifted their target price on Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Royal Bank of Canada lifted their target price on Dover from $146.00 to $153.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Insider Activity at Dover

In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now owns 23,909 shares in the company, valued at approximately $3,897,406.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Brad M. Cerepak sold 18,410 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $163.01, for a total value of $3,001,014.10. Following the sale, the chief financial officer now owns 23,909 shares in the company, valued at $3,897,406.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen M. Todd sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $171.19, for a total value of $256,785.00. Following the transaction, the director now owns 22,955 shares in the company, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Dover Trading Up 1.0 %

DOV traded up $1.88 during trading hours on Friday, reaching $180.99. 613,653 shares of the company’s stock traded hands, compared to its average volume of 962,152. The firm has a 50-day moving average price of $171.37 and a 200 day moving average price of $154.02. Dover Co. has a 52-week low of $127.25 and a 52-week high of $181.49. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $24.86 billion, a PE ratio of 24.07, a PEG ratio of 1.78 and a beta of 1.27.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Dover had a return on equity of 25.95% and a net margin of 12.52%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business earned $1.94 EPS. Dover’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts predict that Dover Co. will post 9.07 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, February 28th. Dover’s dividend payout ratio is currently 27.13%.

Dover 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.