Bokf Na Has $1.74 Million Stake in Dover Co. (NYSE:DOV)

Bokf Na decreased its holdings in shares of Dover Co. (NYSE:DOV) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,932 shares of the industrial products company’s stock after selling 125 shares during the quarter. Bokf Na’s holdings in Dover were worth $1,743,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in Dover during the first quarter worth about $28,000. AdvisorNet Financial Inc increased its stake in shares of Dover by 783.3% in the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after buying an additional 188 shares during the period. Life Planning Partners Inc acquired a new position in shares of Dover in the fourth quarter valued at approximately $35,000. Northwest Financial Advisors acquired a new position in shares of Dover in the fourth quarter valued at approximately $36,000. Finally, North Star Investment Management Corp. increased its stake in shares of Dover by 93.0% in the first quarter. North Star Investment Management Corp. now owns 249 shares of the industrial products company’s stock valued at $44,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Oppenheimer upped their price objective on Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Mizuho upped their price objective on Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird reaffirmed an “outperform” rating and issued a $208.00 price objective on shares of Dover in a research note on Monday, July 22nd. Finally, Royal Bank of Canada upped their target price on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $192.63.

Dover Trading Down 0.6 %

DOV stock traded down $1.09 during trading on Friday, hitting $185.23. The company had a trading volume of 1,412,003 shares, compared to its average volume of 1,039,623. The stock has a market cap of $25.46 billion, a PE ratio of 17.79, a PEG ratio of 2.25 and a beta of 1.22. Dover Co. has a one year low of $127.25 and a one year high of $192.31. The business has a 50-day moving average of $181.49 and a 200-day moving average of $172.68. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.15. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Dover had a return on equity of 25.36% and a net margin of 17.58%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 EPS. Research analysts predict that Dover Co. will post 9.13 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, May 31st. Dover’s payout ratio is 19.60%.

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.