NBC Securities Inc. Increases Stock Position in Dover Co. (NYSE:DOV)

NBC Securities Inc. lifted its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 113,720.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,691 shares of the industrial products company's stock after purchasing an additional 5,686 shares during the quarter. NBC Securities Inc.'s holdings in Dover were worth $999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Dover during the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in shares of Dover during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 87 shares during the period. Orion Capital Management LLC bought a new position in Dover in the 4th quarter worth about $43,000. Finally, Golden State Wealth Management LLC bought a new position in Dover in the 4th quarter worth about $46,000. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DOV. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Robert W. Baird decreased their target price on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Royal Bank of Canada restated a "sector perform" rating and set a $176.00 target price on shares of Dover in a report on Friday, April 25th. Mizuho set a $215.00 target price on Dover in a report on Friday, May 16th. Finally, Citigroup dropped their target price on Dover from $244.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and an average target price of $207.75.

Dover Trading Down 0.3%

DOV stock traded down $0.57 on Thursday, reaching $177.09. The company's stock had a trading volume of 887,720 shares, compared to its average volume of 964,861. The business has a fifty day simple moving average of $171.41 and a two-hundred day simple moving average of $186.52. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The firm has a market cap of $24.28 billion, a PE ratio of 9.10, a PEG ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04.

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

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, May 30th. Dover's payout ratio is 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.