Dover Corporation $DOV Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its stake in Dover Corporation (NYSE:DOV) by 32.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,617 shares of the industrial products company’s stock after acquiring an additional 3,820 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dover were worth $2,605,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DOV. AdvisorShares Investments LLC acquired a new stake in shares of Dover in the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC raised its stake in Dover by 122.4% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $31,000 after buying an additional 93 shares in the last quarter. Caldwell Trust Co bought a new position in Dover during the 2nd quarter worth approximately $31,000. Harbour Investments Inc. increased its holdings in shares of Dover by 51.7% in the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. acquired a new stake in shares of Dover during the 2nd quarter valued at approximately $33,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Ivonne M. Cabrera sold 2,630 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $190.80, for a total value of $501,804.00. Following the sale, the senior vice president owned 72,968 shares of the company’s stock, valued at approximately $13,922,294.40. The trade was a 3.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher B. Woenker sold 1,627 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $186.04, for a total value of $302,687.08. Following the completion of the sale, the chief financial officer owned 2,553 shares of the company’s stock, valued at approximately $474,960.12. This trade represents a 38.92% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by company insiders.

Dover Stock Performance

Shares of NYSE DOV opened at $203.46 on Tuesday. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31. The company has a market cap of $27.91 billion, a PE ratio of 12.51, a P/E/G ratio of 1.41 and a beta of 1.31. The stock has a 50 day simple moving average of $191.23 and a 200-day simple moving average of $182.13. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last announced its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm had revenue of $1.78 billion for the quarter. Dover has set its FY 2025 guidance at 9.500-9.600 EPS. On average, equities research analysts forecast that Dover Corporation will post 9.45 EPS for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 28th. Dover’s dividend payout ratio is currently 12.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DOV shares. Morgan Stanley lifted their price objective on shares of Dover from $185.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. BNP Paribas started coverage on shares of Dover in a report on Thursday, December 4th. They issued a “neutral” rating and a $195.00 price target for the company. Royal Bank Of Canada boosted their price objective on shares of Dover from $183.00 to $198.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. Oppenheimer raised their target price on shares of Dover from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Finally, Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.09.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.