Goldman Sachs Group Inc. lifted its position in shares of Dover Corporation (NYSE:DOV – Free Report) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 726,774 shares of the industrial products company’s stock after purchasing an additional 142,171 shares during the quarter. Goldman Sachs Group Inc. owned 0.53% of Dover worth $141,895,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Fiduciary Family Office LLC raised its position in shares of Dover by 13.8% during the fourth quarter. Fiduciary Family Office LLC now owns 1,853 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 225 shares during the period. Natixis Advisors LLC raised its position in shares of Dover by 13.6% during the fourth quarter. Natixis Advisors LLC now owns 93,284 shares of the industrial products company’s stock worth $18,213,000 after purchasing an additional 11,183 shares during the period. New Mexico Educational Retirement Board raised its position in Dover by 1.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 6,333 shares of the industrial products company’s stock valued at $1,236,000 after buying an additional 100 shares during the last quarter. SCS Capital Management LLC purchased a new stake in Dover in the 4th quarter valued at $201,000. Finally, Rothschild Wealth LLC purchased a new stake in Dover in the 4th quarter valued at $294,000. 84.46% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
DOV has been the subject of a number of analyst reports. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a research report on Sunday. Seaport Research Partners increased their price target on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 price target on shares of Dover in a research report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.79.
Dover Trading Up 0.1%
Shares of Dover stock opened at $214.93 on Monday. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The firm has a market cap of $28.94 billion, a PE ratio of 26.80, a P/E/G ratio of 1.63 and a beta of 1.17. The stock has a fifty day moving average price of $214.98 and a 200-day moving average price of $209.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32.
Dover (NYSE:DOV – Get Free Report) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $2.05 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities research analysts anticipate that Dover Corporation will post 10.64 EPS for the current year.
Dover Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio (DPR) is currently 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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