Czech National Bank Grows Stock Holdings in Dover Corporation $DOV

Czech National Bank boosted its position in Dover Corporation (NYSE:DOV) by 6.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,513 shares of the industrial products company’s stock after acquiring an additional 1,995 shares during the period. Czech National Bank’s holdings in Dover were worth $6,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOV. North Capital Inc. purchased a new stake in Dover in the 1st quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dover during the 1st quarter valued at $31,000. Truvestments Capital LLC grew its stake in shares of Dover by 1,005.9% during the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after buying an additional 171 shares during the period. Costello Asset Management INC purchased a new stake in shares of Dover during the 1st quarter valued at $35,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Dover during the 1st quarter valued at $35,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Dover from $185.00 to $193.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Robert W. Baird boosted their price objective on shares of Dover from $219.00 to $234.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their target price on shares of Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Wells Fargo & Company lifted their target price on shares of Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Finally, Citigroup restated a “buy” rating and set a $226.00 target price (up previously from $202.00) on shares of Dover in a report on Monday, July 14th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $213.92.

Dover Stock Up 0.8%

Shares of NYSE:DOV opened at $172.77 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. The company has a market cap of $23.69 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.27. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The firm has a 50 day simple moving average of $180.02 and a 200 day simple moving average of $177.63.

Dover (NYSE:DOV) last issued its quarterly 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a net margin of 29.29% and a return on equity of 18.19%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, research analysts expect that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.52 dividend. The ex-dividend date was Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 1.2%. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is currently 12.55%.

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.