Versant Capital Management Inc Has $72,000 Stock Holdings in Dover Co. (NYSE:DOV)

Versant Capital Management Inc lifted its holdings in shares of Dover Co. (NYSE:DOV) by 2,650.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 385 shares of the industrial products company’s stock after buying 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.

Several other institutional investors and hedge funds have also modified their holdings of DOV. Independent Advisor Alliance lifted its holdings in shares of Dover by 0.3% in the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after acquiring an additional 58 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in Dover by 2.7% in the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after buying an additional 60 shares in the last quarter. Empower Advisory Group LLC grew its stake in shares of Dover by 3.7% during the third quarter. Empower Advisory Group LLC now owns 2,030 shares of the industrial products company’s stock worth $389,000 after buying an additional 73 shares during the last quarter. First Commonwealth Financial Corp PA increased its holdings in shares of Dover by 2.2% during the third quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after buying an additional 73 shares in the last quarter. Finally, PFG Investments LLC lifted its stake in shares of Dover by 3.9% in the 2nd quarter. PFG Investments LLC now owns 1,951 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 74 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Up 1.3 %

Dover stock opened at $188.03 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average is $197.22 and its 200 day moving average is $188.48. The company has a market capitalization of $25.80 billion, a PE ratio of 16.82, a PEG ratio of 2.70 and a beta of 1.23. Dover Co. has a 12-month low of $143.96 and a 12-month high of $208.26.

Dover Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on DOV shares. Barclays increased their target price on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Oppenheimer reissued an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, Mizuho upped their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.91.

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.