Czech National Bank Raises Position in Dover Co. (NYSE:DOV)

Czech National Bank increased its position in shares of Dover Co. (NYSE:DOVFree Report) by 0.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,615 shares of the industrial products company’s stock after buying an additional 115 shares during the period. Czech National Bank’s holdings in Dover were worth $4,362,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DOV. Orion Capital Management LLC acquired a new stake in Dover during the third quarter worth approximately $32,000. Headinvest LLC acquired a new stake in shares of Dover during the third quarter worth $32,000. Exchange Traded Concepts LLC purchased a new stake in shares of Dover in the fourth quarter valued at about $33,000. AdvisorNet Financial Inc boosted its holdings in Dover by 783.3% in the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 188 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new stake in shares of Dover in the fourth quarter valued at approximately $35,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DOV. Barclays upped their target price on shares of Dover from $180.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Mizuho lifted their price objective on Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Wells Fargo & Company boosted their price target on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Citigroup increased their price objective on shares of Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.75.

Read Our Latest Stock Analysis on DOV

Dover Stock Down 1.0 %

Shares of DOV traded down $1.76 during mid-day trading on Friday, reaching $181.54. 145,012 shares of the stock traded hands, compared to its average volume of 995,036. The firm has a market cap of $24.95 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 2.27 and a beta of 1.24. Dover Co. has a 12-month low of $127.25 and a 12-month high of $188.64. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $179.81 and a 200 day simple moving average of $166.80.

Dover (NYSE:DOVGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a net margin of 17.28% and a return on equity of 25.04%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 earnings per share. Sell-side analysts expect that Dover Co. will post 9.1 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, May 31st. Dover’s dividend payout ratio (DPR) is 19.60%.

Dover Profile

(Free Report)

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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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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