Czech National Bank Purchases 1,745 Shares of Dover Co. (NYSE:DOV)

Czech National Bank raised its holdings in shares of Dover Co. (NYSE:DOV) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,746 shares of the industrial products company’s stock after acquiring an additional 1,745 shares during the quarter. Czech National Bank’s holdings in Dover were worth $5,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Independent Advisor Alliance grew its position in Dover by 0.3% in the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after purchasing an additional 58 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares during the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of Dover by 2.7% in the 3rd quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 60 shares in the last quarter. Empower Advisory Group LLC increased its position in shares of Dover by 3.7% in the third quarter. Empower Advisory Group LLC now owns 2,030 shares of the industrial products company’s stock valued at $389,000 after acquiring an additional 73 shares during the last quarter. Finally, First Commonwealth Financial Corp PA raised its holdings in Dover by 2.2% during the third quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after acquiring an additional 73 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DOV. Oppenheimer restated an “outperform” rating and issued a $215.00 price target (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group began coverage on shares of Dover in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective for the company. Finally, Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.55.

Dover Stock Performance

Shares of DOV stock opened at $190.88 on Thursday. The company has a market capitalization of $26.19 billion, a price-to-earnings ratio of 17.07, a PEG 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 Co. has a 52 week low of $143.96 and a 52 week high of $208.26. The company has a 50-day simple moving average of $196.66 and a 200 day simple moving average of $188.77.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is 18.43%.

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.