National Bank of Canada FI Boosts Holdings in Dover Co. (NYSE:DOV)

National Bank of Canada FI raised its stake in Dover Co. (NYSE:DOV - Free Report) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,426 shares of the industrial products company's stock after buying an additional 20,299 shares during the period. National Bank of Canada FI owned about 0.15% of Dover worth $39,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in Dover during the fourth quarter valued at about $28,000. R Squared Ltd bought a new position in shares of Dover during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 87 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Dover in the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Trading Down 3.4 %

DOV stock traded down $5.19 during trading on Monday, reaching $148.36. The company had a trading volume of 993,248 shares, compared to its average volume of 954,598. The business has a 50 day moving average of $190.78 and a 200 day moving average of $193.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The company has a market cap of $20.34 billion, a P/E ratio of 7.62, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a 52 week low of $143.04 and a 52 week high of $222.31.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, sell-side analysts forecast that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 28th. Dover's dividend payout ratio is 10.59%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DOV. UBS Group lowered their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a report on Friday, January 31st. The Goldman Sachs Group boosted their price target on shares of Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Citigroup reduced their price objective on Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada boosted their target price on Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st. Finally, StockNews.com lowered Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.18.

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.