Versant Capital Management Inc Buys 371 Shares of Dover Co. (NYSE:DOV)

Versant Capital Management Inc boosted its stake in shares of Dover Co. (NYSE:DOV) by 2,650.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 385 shares of the industrial products company’s stock after purchasing an additional 371 shares during the period. Versant Capital Management Inc’s holdings in Dover were worth $72,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Dover by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after buying an additional 5,372 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Dover by 35.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,514 shares of the industrial products company’s stock valued at $1,624,000 after acquiring an additional 2,236 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Dover during the 3rd quarter worth about $1,823,000. Tidal Investments LLC raised its holdings in shares of Dover by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 10,917 shares of the industrial products company’s stock valued at $2,093,000 after purchasing an additional 1,063 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Dover during the third quarter worth about $525,000. 84.46% of the stock is currently owned by institutional investors.

Dover Price Performance

Shares of NYSE DOV opened at $188.03 on Monday. The business has a fifty day moving average price of $197.22 and a two-hundred day moving average price of $188.48. The stock has a market capitalization of $25.80 billion, a PE ratio of 16.82, a P/E/G ratio of 2.70 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a fifty-two week low of $143.96 and a fifty-two week high of $208.26.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.10%. Dover’s dividend payout ratio is 18.43%.

Analysts Set New Price Targets

Several research firms have issued reports on DOV. Mizuho upped their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays lifted their target price on shares of Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Citigroup increased their price target on shares of Dover from $226.00 to $236.00 and gave the company a “buy” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.91.

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.