Dover Co. (NYSE:DOV) Shares Bought by Czech National Bank

Czech National Bank grew its position in Dover Co. (NYSE:DOV - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,518 shares of the industrial products company's stock after buying an additional 1,772 shares during the period. Czech National Bank's holdings in Dover were worth $5,537,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ecofi Investissements SA boosted its position in shares of Dover by 1.1% during the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after purchasing an additional 50 shares during the period. Spire Wealth Management lifted its holdings in Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock worth $464,000 after buying an additional 52 shares in the last quarter. Trust Point Inc. lifted its holdings in Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock worth $367,000 after buying an additional 59 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Dover by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 67 shares in the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of Dover by 1.4% in the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock valued at $923,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DOV shares. Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. raised their price objective on shares of Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $176.00 target price on shares of Dover in a report on Friday, April 25th. Morgan Stanley started coverage on shares of Dover in a report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 target price on the stock. Finally, Citigroup reduced 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $207.75.

Dover Price Performance

DOV traded down $0.57 during midday trading on Thursday, reaching $177.09. 887,720 shares of the company's stock were exchanged, compared to its average volume of 964,861. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31. The business's 50-day moving average price is $171.41 and its 200 day moving average price is $186.52. The stock has a market capitalization of $24.28 billion, a PE ratio of 9.10, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV - Get Free Report) last released its earnings results 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. Dover had a net margin of 32.95% and a return on equity of 21.03%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. Dover's revenue was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

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 dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.06 annualized dividend and a yield of 1.16%. 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.