NBC Securities Inc. Has $688,000 Stake in Dover Co. (NYSE:DOV)

NBC Securities Inc. grew its stake in Dover Co. (NYSE:DOV) by 10.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,888 shares of the industrial products company’s stock after buying an additional 383 shares during the period. NBC Securities Inc.’s holdings in Dover were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its position in Dover by 7.2% in the 4th quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company’s stock worth $3,910,000 after purchasing an additional 1,718 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Dover by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock valued at $85,612,000 after acquiring an additional 29,096 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Dover by 9.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 226,382 shares of the industrial products company’s stock valued at $34,820,000 after acquiring an additional 19,156 shares in the last quarter. Vest Financial LLC boosted its position in shares of Dover by 35.7% during the 4th quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock valued at $31,145,000 after acquiring an additional 53,273 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Dover during the 4th quarter valued at about $175,275,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Oppenheimer lifted their price target on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays lifted their price target on shares of Dover from $180.00 to $186.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company lifted their price target on shares of Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Dover Trading Up 2.0 %

Shares of DOV stock opened at $182.79 on Thursday. Dover Co. has a 12-month low of $127.25 and a 12-month high of $188.64. The company has a market capitalization of $25.12 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.27 and a beta of 1.24. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $179.43 and a 200 day moving average price of $166.57.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. Dover had a net margin of 17.28% and a return on equity of 25.04%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $1.94 earnings per share. Dover’s revenue was up .7% compared to the same quarter last year. Research analysts forecast that Dover Co. will post 9.1 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.04 annualized dividend and a yield of 1.12%. Dover’s dividend payout ratio is currently 19.60%.

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.