V Square Quantitative Management LLC Invests $816,000 in Dover Corporation $DOV

V Square Quantitative Management LLC acquired a new position in Dover Corporation (NYSE:DOV) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,177 shares of the industrial products company’s stock, valued at approximately $816,000.

A number of other hedge funds also recently added to or reduced their stakes in DOV. Brighton Jones LLC lifted its holdings in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after buying an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dover by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 676 shares in the last quarter. Empowered Funds LLC lifted its holdings in Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 1,580 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Dover in the 2nd quarter valued at approximately $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dover in the 2nd quarter valued at approximately $1,030,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Up 0.6%

Shares of Dover stock opened at $218.08 on Friday. Dover Corporation has a 1 year low of $154.38 and a 1 year high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 1.79. The company has a market capitalization of $29.40 billion, a P/E ratio of 27.47, a PEG ratio of 1.67 and a beta of 1.25. The company’s fifty day moving average is $217.16 and its two-hundred day moving average is $196.91.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Dover had a net margin of 13.52% and a return on equity of 17.87%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm posted $2.20 EPS. Dover’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts forecast that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, February 27th. Dover’s dividend payout ratio (DPR) is 26.20%.

Insider Transactions at Dover

In other news, CEO Richard J. Tobin sold 76,997 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $232.70, for a total value of $17,917,201.90. Following the completion of the sale, the chief executive officer owned 217,979 shares in the company, valued at approximately $50,723,713.30. This trade represents a 26.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the sale, the senior vice president owned 72,188 shares of the company’s stock, valued at $16,836,407.24. This trade represents a 5.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 82,497 shares of company stock worth $19,196,277. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DOV shares. Morgan Stanley set a $210.00 price objective on shares of Dover in a research report on Wednesday, February 4th. BMO Capital Markets started coverage on shares of Dover in a research report on Friday, March 27th. They issued a “market perform” rating and a $237.00 price objective on the stock. Robert W. Baird set a $255.00 price objective on shares of Dover in a research report on Friday, January 30th. Citigroup reissued a “buy” rating on shares of Dover in a research report on Monday, January 12th. Finally, UBS Group set a $256.00 price objective on shares of Dover and gave the company a “buy” rating in a research report on Sunday, January 4th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $226.54.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.