Vontobel Holding Ltd. grew its stake in shares of Dover Corporation (NYSE:DOV – Free Report) by 98.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,902 shares of the industrial products company’s stock after acquiring an additional 15,860 shares during the period. Vontobel Holding Ltd.’s holdings in Dover were worth $5,765,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in DOV. Callan Family Office LLC purchased a new position in shares of Dover in the second quarter valued at $702,000. Concurrent Investment Advisors LLC lifted its holdings in Dover by 239.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,204 shares of the industrial products company’s stock worth $3,186,000 after purchasing an additional 10,020 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Dover by 1,356.0% during the 2nd quarter. Squarepoint Ops LLC now owns 25,989 shares of the industrial products company’s stock worth $5,829,000 after purchasing an additional 24,204 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Dover by 5.0% during the 2nd quarter. Hsbc Holdings PLC now owns 941,695 shares of the industrial products company’s stock worth $211,269,000 after purchasing an additional 44,854 shares in the last quarter. Finally, AXQ Capital LP bought a new position in Dover in the 2nd quarter worth about $1,340,000. 84.46% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Royal Bank Of Canada reduced their target price on Dover from $227.00 to $216.00 and set a “sector perform” rating for the company in a report on Wednesday. Robert W. Baird set a $270.00 price target on Dover in a research report on Friday, July 24th. Mizuho lowered their price target on shares of Dover from $270.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings downgraded shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Finally, BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $237.93.
Check Out Our Latest Research Report on Dover
Dover Price Performance
Dover stock opened at $195.80 on Friday. The stock has a market cap of $26.37 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.71 and a beta of 1.13. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $194.46 and a 200 day simple moving average of $207.85. Dover Corporation has a 52 week low of $164.73 and a 52 week high of $237.54.
Dover (NYSE:DOV – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, research analysts forecast that Dover Corporation will post 10.67 earnings per share for the current fiscal year.
Dover Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a $0.5250 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date was Monday, August 31st. Dover’s dividend payout ratio (DPR) is currently 25.30%.
Dover Profile
Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.
The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.
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