Evansbrook LLC acquired a new stake in shares of Dover Corporation (NYSE:DOV – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,629 shares of the industrial products company’s stock, valued at approximately $513,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Dover by 174.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after purchasing an additional 1,830,722 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Dover by 179.7% during the fourth quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock worth $489,900,000 after purchasing an additional 1,612,159 shares during the last quarter. Norges Bank bought a new stake in shares of Dover during the fourth quarter worth about $275,907,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Dover in the fourth quarter valued at approximately $151,473,000. Finally, AQR Capital Management LLC increased its stake in shares of Dover by 912.9% in the second quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company’s stock valued at $144,572,000 after buying an additional 711,471 shares during the period. Institutional investors own 84.46% of the company’s stock.
Wall Street Analyst Weigh In
DOV has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $229.00 target price on shares of Dover in a research report on Friday, April 24th. BMO Capital Markets upped their price target on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $252.00 price target on shares of Dover in a report on Friday, April 24th. Finally, Seaport Research Partners boosted their price objective on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.85.
Dover Price Performance
Dover stock opened at $223.64 on Friday. The stock’s 50 day moving average is $217.29 and its 200 day moving average is $211.73. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The firm has a market cap of $30.12 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.68 and a beta of 1.17. 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 released its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, research analysts expect that Dover Corporation will post 10.65 EPS for the current year.
Dover Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.52 per share. The ex-dividend date was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Dover’s dividend 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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