Tredje AP fonden Raises Stock Position in Dover Corporation $DOV

Tredje AP fonden lifted its stake in shares of Dover Corporation (NYSE:DOV) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 172,043 shares of the industrial products company’s stock after buying an additional 8,774 shares during the quarter. Tredje AP fonden’s holdings in Dover were worth $33,590,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Machina Capital S.A.S. increased its holdings in Dover by 91.8% during the third quarter. Machina Capital S.A.S. now owns 16,834 shares of the industrial products company’s stock valued at $2,808,000 after buying an additional 8,055 shares during the period. Federated Hermes Inc. increased its holdings in Dover by 17.3% during the third quarter. Federated Hermes Inc. now owns 43,300 shares of the industrial products company’s stock valued at $7,224,000 after buying an additional 6,399 shares during the period. NEOS Investment Management LLC increased its holdings in Dover by 53.1% during the third 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 period. Pensionfund Sabic purchased a new position in Dover during the fourth quarter valued at approximately $1,230,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in Dover by 405.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 88,907 shares of the industrial products company’s stock valued at $14,832,000 after buying an additional 71,307 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DOV shares. Barclays lifted their price objective on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. The Goldman Sachs Group reissued a “buy” rating and set a $224.00 price objective on shares of Dover in a report on Saturday, January 31st. Citigroup restated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Morgan Stanley set a $210.00 target price on shares of Dover in a research note on Wednesday, February 4th. Finally, Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $237.36.

Insider Buying and Selling

In other Dover news, CEO Richard J. Tobin sold 76,997 shares of Dover stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the completion of the sale, the chief executive officer owned 217,979 shares of the company’s stock, valued at approximately $50,723,713.30. The trade was a 26.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Dover Stock Performance

DOV opened at $210.72 on Tuesday. The company has a market cap of $28.38 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $214.65 and its 200-day moving average price is $206.41. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54.

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, 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 for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business posted $2.05 EPS. Dover’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, equities analysts anticipate that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.52 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio (DPR) 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.