Dover Corporation $DOV Stock Holdings Boosted by Interval Partners LP

Interval Partners LP grew its position in shares of Dover Corporation (NYSE:DOV) by 1,203.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 488,941 shares of the industrial products company’s stock after purchasing an additional 451,427 shares during the quarter. Dover comprises 1.7% of Interval Partners LP’s portfolio, making the stock its 6th biggest holding. Interval Partners LP’s holdings in Dover were worth $95,461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DOV. Bank of New York Mellon Corp boosted its holdings in Dover by 174.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock worth $562,419,000 after acquiring an additional 1,830,722 shares during the last quarter. First Trust Advisors LP boosted its holdings in Dover by 179.7% during the 4th quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock worth $489,900,000 after acquiring an additional 1,612,159 shares during the last quarter. Norges Bank purchased a new position in Dover during the 4th quarter worth $275,907,000. Diamond Hill Capital Management Inc. purchased a new position in Dover during the 4th quarter worth $151,473,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Dover by 912.9% in the 2nd quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company’s stock worth $144,572,000 after buying an additional 711,471 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $252.00 price objective on shares of Dover in a report on Friday, April 24th. Robert W. Baird lifted their price objective on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wells Fargo & Company raised shares of Dover from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $210.00 to $230.00 in a research report on Tuesday, March 17th. Oppenheimer lifted their price objective on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Seaport Research Partners lifted their price objective on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average target price of $239.85.

Dover Stock Performance

Shares of DOV stock opened at $220.68 on Thursday. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.69 and a beta of 1.17. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The firm’s 50-day simple moving average is $216.97 and its two-hundred day simple moving average is $211.46.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.27 by $0.01. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts forecast that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a 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.