Rockefeller Capital Management L.P. Grows Position in Dover Corporation $DOV

Rockefeller Capital Management L.P. raised its stake in shares of Dover Corporation (NYSE:DOV) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,911 shares of the industrial products company’s stock after purchasing an additional 7,315 shares during the quarter. Rockefeller Capital Management L.P. owned 0.09% of Dover worth $22,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors lifted its position in Dover by 21.4% in the 4th quarter. World Investment Advisors now owns 4,238 shares of the industrial products company’s stock worth $828,000 after buying an additional 747 shares during the last quarter. Winthrop Partners WNY LLC bought a new stake in shares of Dover in the fourth quarter worth about $230,000. Auto Owners Insurance Co grew its position in shares of Dover by 19,424.0% in the 4th quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock worth $14,866,000 after buying an additional 757,536 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in Dover by 4.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 9,131 shares of the industrial products company’s stock valued at $1,784,000 after acquiring an additional 415 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in shares of Dover during the 4th quarter valued at about $49,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Morgan Stanley increased their price target on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Barclays lifted their price objective on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research report on Friday, April 24th. Finally, BMO Capital Markets boosted their price target on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

Dover Price Performance

NYSE:DOV opened at $229.31 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $30.88 billion, a P/E ratio of 28.59, a P/E/G ratio of 1.70 and a beta of 1.17. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The business’s 50-day moving average is $217.66 and its 200 day moving average is $212.30.

Dover (NYSE:DOV) last posted 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $2.05 earnings per share. 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. On average, equities research analysts forecast that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio (DPR) is presently 25.94%.

Dover 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.