Versor Investments LP Purchases Shares of 10,014 Dover Co. (NYSE:DOV)

Versor Investments LP purchased a new position in shares of Dover Co. (NYSE:DOV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,014 shares of the industrial products company's stock, valued at approximately $1,920,000.

Other large investors have also bought and sold shares of the company. LRI Investments LLC purchased a new stake in shares of Dover in the first quarter valued at about $27,000. McClarren Financial Advisors Inc. increased its stake in Dover by 4,400.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company's stock valued at $32,000 after buying an additional 176 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Dover during the 3rd quarter worth approximately $33,000. Fairscale Capital LLC purchased a new position in shares of Dover in the 2nd quarter worth approximately $34,000. Finally, Transcendent Capital Group LLC increased its position in shares of Dover by 208.0% during the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 156 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on DOV shares. JPMorgan Chase & Co. boosted their price objective on Dover from $210.00 to $212.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Robert W. Baird restated an "outperform" rating and set a $208.00 price objective on shares of Dover in a report on Monday, July 22nd. Oppenheimer reiterated an "outperform" rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Wolfe Research raised shares of Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 target price for the company in a research report on Monday, October 28th. Finally, Barclays lifted their price target on shares of Dover from $186.00 to $190.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Dover has a consensus rating of "Moderate Buy" and a consensus target price of $207.44.

Insiders Place Their Bets

In other news, CFO Brad M. Cerepak sold 14,818 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the transaction, the chief financial officer now owns 12,324 shares of the company's stock, valued at approximately $2,156,700. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Brad M. Cerepak sold 14,818 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the sale, the chief financial officer now directly owns 12,324 shares of the company's stock, valued at $2,156,700. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard J. Tobin sold 25,004 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total transaction of $4,549,727.84. Following the completion of the transaction, the chief executive officer now owns 182,928 shares of the company's stock, valued at $33,285,578.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,042 shares of company stock worth $7,368,578 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Dover Stock Performance

Shares of NYSE DOV traded up $3.08 during mid-day trading on Monday, hitting $204.58. The company had a trading volume of 493,070 shares, compared to its average volume of 972,806. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover Co. has a 1 year low of $130.75 and a 1 year high of $204.93. The company has a market capitalization of $28.07 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 2.71 and a beta of 1.22. The stock's 50-day moving average price is $189.11 and its 200-day moving average price is $183.93.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, November 29th. Dover's dividend payout ratio is presently 18.43%.

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.