Bokf Na Sells 125 Shares of Dover Co. (NYSE:DOV)

Bokf Na lessened its holdings in shares of Dover Co. (NYSE:DOV) by 1.2% in the first quarter, Holdings Channel.com reports. The fund owned 9,932 shares of the industrial products company’s stock after selling 125 shares during the period. Bokf Na’s holdings in Dover were worth $1,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOV. BSW Wealth Partners grew its stake in shares of Dover by 1.2% in the first quarter. BSW Wealth Partners now owns 4,930 shares of the industrial products company’s stock worth $874,000 after acquiring an additional 59 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of Dover by 2.6% in the first quarter. Summit Trail Advisors LLC now owns 2,333 shares of the industrial products company’s stock worth $413,000 after acquiring an additional 60 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Dover by 5.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,213 shares of the industrial products company’s stock worth $215,000 after acquiring an additional 62 shares during the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of Dover by 1.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,753 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 63 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Dover by 2.7% in the first quarter. CWM LLC now owns 2,456 shares of the industrial products company’s stock worth $435,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

DOV stock traded down $1.09 during trading on Friday, reaching $185.23. The stock had a trading volume of 1,412,003 shares, compared to its average volume of 1,039,623. Dover Co. has a 52 week low of $127.25 and a 52 week high of $192.31. The stock’s 50 day moving average is $181.49 and its two-hundred day moving average is $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. The firm 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 (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.21 by $0.15. Dover had a return on equity of 25.36% and a net margin of 17.58%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company earned $2.05 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that Dover Co. will post 9.13 earnings per share for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, May 31st. Dover’s dividend payout ratio (DPR) is currently 19.60%.

Analyst Ratings Changes

DOV has been the topic of a number of recent research reports. Citigroup increased their target price on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Barclays increased their price objective on Dover from $180.00 to $186.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their price objective on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Royal Bank of Canada increased their price objective on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $208.00 price objective on shares of Dover in a research report on Monday, July 22nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.63.

Dover Company 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.