Versor Investments LP Sells 4,592 Shares of Dover Co. (NYSE:DOV)

Versor Investments LP lowered its position in shares of Dover Co. (NYSE:DOV) by 45.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,422 shares of the industrial products company’s stock after selling 4,592 shares during the quarter. Versor Investments LP’s holdings in Dover were worth $1,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of DOV. Financial Life Planners bought a new position in shares of Dover during the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd bought a new position in shares of Dover during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover in the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover in the 4th quarter worth approximately $46,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DOV shares. UBS Group lowered their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. 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 report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Down 0.6 %

DOV opened at $196.47 on Friday. The company has a fifty day moving average price of $195.86 and a 200-day moving average price of $193.11. The firm has a market capitalization of $26.96 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 2.06 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. Dover Co. has a one year low of $163.32 and a one year high of $222.31.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities research analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.05%. Dover’s dividend payout ratio (DPR) is currently 10.59%.

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.