Czech National Bank Buys 1,995 Shares of Dover Corporation $DOV

Key Points

• The Czech National Bank increased its stake in Dover Corporation by 6.3% in Q2, holding 33,513 shares valued at approximately $6.14 million.
• Analysts show confidence in Dover, boosting price targets; Barclays raised it to $193, while Citigroup increased theirs to $226 with a "buy" rating.
• Dover announced a quarterly dividend of $0.52, leading to a 1.2% yield, and reported better-than-expected earnings for Q2 with a net margin of 29.29%.

Czech National Bank boosted its stake in Dover Corporation (NYSE:DOV - Free Report) by 6.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,513 shares of the industrial products company's stock after buying an additional 1,995 shares during the quarter. Czech National Bank's holdings in Dover were worth $6,141,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Legacy Financial Advisors Inc. lifted its stake in shares of Dover by 1.4% in the 1st quarter. Legacy Financial Advisors Inc. now owns 4,134 shares of the industrial products company's stock valued at $726,000 after purchasing an additional 57 shares during the last quarter. Summit Financial LLC boosted its holdings in Dover by 0.9% during the first quarter. Summit Financial LLC now owns 6,599 shares of the industrial products company's stock valued at $1,159,000 after acquiring an additional 60 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Dover by 4.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock valued at $306,000 after acquiring an additional 67 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in Dover by 5.5% during the first quarter. Premier Path Wealth Partners LLC now owns 1,538 shares of the industrial products company's stock valued at $270,000 after acquiring an additional 80 shares during the period. Finally, First Affirmative Financial Network boosted its holdings in Dover by 4.8% during the first quarter. First Affirmative Financial Network now owns 1,834 shares of the industrial products company's stock valued at $322,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Performance

NYSE DOV traded down $1.54 during trading on Friday, reaching $171.26. The company's stock had a trading volume of 1,492,689 shares, compared to its average volume of 822,115. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The firm has a 50 day moving average price of $179.67 and a 200 day moving average price of $177.45.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.39 by $0.05. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.03 billion. Dover had a net margin of 29.29% and a return on equity of 18.19%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, equities analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.52 dividend. This is an increase from Dover's previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 1.2%. Dover's dividend payout ratio is currently 12.55%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DOV shares. Barclays upped their price objective on shares of Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Citigroup reaffirmed a "buy" rating and set a $226.00 price objective (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Royal Bank Of Canada increased their price target on shares of Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Wells Fargo & Company increased their price target on shares of Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $213.92.

Dover 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.