Versor Investments LP Cuts Position in Dover Co. (NYSE:DOV)

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in Dover in the fourth quarter worth $28,000. Ashton Thomas Securities LLC purchased a new position in Dover in the third quarter worth $33,000. R Squared Ltd purchased a new position in Dover in the fourth quarter worth $34,000. Kieckhefer Group LLC bought a new stake in Dover in the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover in the fourth quarter worth $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOV has been the subject of several recent research reports. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group boosted their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada boosted 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. Finally, UBS Group lowered their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Price Performance

Shares of NYSE DOV opened at $196.47 on Friday. Dover Co. has a 1 year low of $163.32 and a 1 year high of $222.31. 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 50-day moving average is $195.86 and its 200 day moving average is $193.11. The stock has a market capitalization of $26.96 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last announced 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 net margin of 32.95% and a return on equity of 21.03%. On average, sell-side analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 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.