iSAM Funds UK Ltd Has $1.17 Million Stock Position in Dover Co. (NYSE:DOV)

iSAM Funds UK Ltd reduced its stake in Dover Co. (NYSE:DOV - Free Report) by 40.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,223 shares of the industrial products company's stock after selling 4,187 shares during the quarter. Dover comprises 0.9% of iSAM Funds UK Ltd's holdings, making the stock its 17th largest holding. iSAM Funds UK Ltd's holdings in Dover were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Life Planners acquired a new position in Dover in the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new position in Dover in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its stake in Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after buying an additional 87 shares during the period. Golden State Wealth Management LLC acquired a new position in Dover in the fourth quarter valued at approximately $46,000. Finally, Mainstream Capital Management LLC acquired a new position in Dover in the fourth quarter valued at approximately $61,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DOV. StockNews.com lowered Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a report on Friday. Barclays boosted their price objective on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Finally, Morgan Stanley began coverage on Dover in a report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective for the company. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Dover has a consensus rating of "Moderate Buy" and an average price target of $207.75.

Dover Trading Down 0.2%

Shares of Dover stock opened at $186.33 on Tuesday. The stock has a fifty day simple moving average of $171.91 and a 200 day simple moving average of $188.10. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The company has a market capitalization of $25.55 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.95 EPS. On average, sell-side analysts anticipate that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.515 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.11%. Dover's dividend payout ratio (DPR) is presently 12.41%.

Dover Company 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.

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