Tobam lifted its stake in shares of Dover Corporation (NYSE:DOV – Free Report) by 630.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,214 shares of the industrial products company’s stock after buying an additional 4,500 shares during the quarter. Tobam’s holdings in Dover were worth $1,018,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NEOS Investment Management LLC boosted its position in Dover by 53.1% in the 3rd quarter. NEOS Investment Management LLC now owns 13,741 shares of the industrial products company’s stock valued at $2,292,000 after buying an additional 4,766 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Dover by 15.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after acquiring an additional 5,514 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Dover in the fourth quarter worth about $10,195,000. Pensionfund Sabic acquired a new position in shares of Dover in the fourth quarter worth about $1,230,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Dover by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after purchasing an additional 7,396 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. BMO Capital Markets increased their target price on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $229.00 price target on shares of Dover in a report on Friday, April 24th. Seaport Research Partners increased their price objective on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Robert W. Baird raised their price objective on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Morgan Stanley boosted their target price on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.85.
Dover Stock Performance
DOV stock opened at $223.64 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market cap of $30.12 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.70 and a beta of 1.17. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The stock’s 50 day simple moving average is $217.43 and its 200 day simple moving average is $211.82.
Dover (NYSE:DOV – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities research analysts predict that Dover Corporation will post 10.65 EPS for the current year.
Dover Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Dover’s payout ratio is 25.94%.
Dover Company Profile
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.
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