Yousif Capital Management LLC Sells 4,051 Shares of Dover Co. (NYSE:DOV)

Yousif Capital Management LLC cut its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,732 shares of the industrial products company's stock after selling 4,051 shares during the quarter. Yousif Capital Management LLC's holdings in Dover were worth $9,440,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of Dover by 79.1% in the 4th 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 last quarter. Orion Capital Management LLC acquired a new position in Dover during the fourth quarter worth about $43,000. Golden State Wealth Management LLC acquired a new position in Dover during the fourth quarter worth about $46,000. Mainstream Capital Management LLC acquired a new position in shares of Dover in the fourth quarter valued at approximately $61,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Dover in the fourth quarter valued at approximately $68,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Barclays raised their price target on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Mizuho set a $215.00 price objective on shares of Dover in a report on Friday, May 16th. Robert W. Baird reduced their target price on shares of Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Citigroup decreased their price objective on shares of Dover from $244.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Six 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.75.

Dover Stock Performance

NYSE:DOV traded down $0.40 during midday trading on Thursday, reaching $178.74. The stock had a trading volume of 768,709 shares, compared to its average volume of 957,726. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31. The firm's fifty day simple moving average is $172.96 and its 200-day simple moving average is $185.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The stock has a market capitalization of $24.51 billion, a P/E ratio of 9.19, a PEG ratio of 2.06 and a beta of 1.27.

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

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, May 30th. Dover's dividend payout ratio is currently 12.41%.

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.