4,776 Shares in Dover Corporation $DOV Purchased by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac bought a new position in Dover Corporation (NYSE:DOV) during the fourth quarter, Holdings Channel reports. The firm bought 4,776 shares of the industrial products company’s stock, valued at approximately $933,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of Dover in the 3rd quarter worth about $25,000. Tompkins Financial Corp raised its holdings in shares of Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Dover in the 4th quarter worth about $34,000. Westside Investment Management Inc. increased its stake in Dover by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after buying an additional 114 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in Dover in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 0.5%

Shares of DOV stock opened at $211.35 on Friday. The company has a 50 day moving average of $215.02 and a 200-day moving average of $208.20. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The firm has a market cap of $28.46 billion, a P/E ratio of 26.35, a PEG ratio of 1.61 and a beta of 1.21.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business posted $2.05 EPS. Dover’s quarterly 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. Sell-side analysts anticipate that Dover Corporation will post 10.62 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.52 per share. The ex-dividend date 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 presently 25.94%.

Analysts Set New Price Targets

Several research firms have commented on DOV. Weiss Ratings lowered shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Oppenheimer increased their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird increased their price objective on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Finally, Barclays increased their price objective on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $237.36.

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.