Czech National Bank Increases Stake in Dover Co. (NYSE:DOV)

Czech National Bank boosted its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,746 shares of the industrial products company's stock after buying an additional 1,745 shares during the quarter. Czech National Bank's holdings in Dover were worth $5,580,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Dover by 0.9% during the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company's stock valued at $1,191,531,000 after buying an additional 56,149 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Dover by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company's stock valued at $616,945,000 after purchasing an additional 25,993 shares during the last quarter. FMR LLC boosted its position in Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company's stock worth $591,676,000 after purchasing an additional 149,378 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Dover by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company's stock worth $271,702,000 after purchasing an additional 60,912 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dover by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company's stock valued at $188,815,000 after purchasing an additional 17,193 shares during the period. Institutional investors own 84.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOV. Mizuho lifted their price objective on shares of Dover from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. UBS Group initiated coverage on Dover in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $217.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Dover from $212.00 to $208.00 and set an "overweight" rating on the stock in a report on Wednesday. The Goldman Sachs Group lifted their target price on Dover from $202.00 to $223.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a report on Monday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $212.55.

Dover Stock Performance

Dover stock opened at $190.88 on Thursday. Dover Co. has a fifty-two week low of $143.96 and a fifty-two week high of $208.26. The firm's fifty day moving average price is $196.66 and its 200-day moving average price is $188.77. The stock has a market cap of $26.19 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, November 29th. Dover's dividend payout ratio (DPR) is currently 18.43%.

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.