Dover Corporation $DOV Shares Purchased by Strs Ohio

Strs Ohio boosted its position in Dover Corporation (NYSE:DOV) by 17.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 324,343 shares of the industrial products company’s stock after acquiring an additional 47,995 shares during the period. Strs Ohio owned about 0.24% of Dover worth $67,609,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Dover by 174.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock valued at $562,419,000 after purchasing an additional 1,830,722 shares during the last quarter. First Trust Advisors LP boosted its stake in Dover by 179.7% in 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 buying an additional 1,612,159 shares during the last quarter. Norges Bank purchased a new stake in Dover in the 4th quarter valued at about $275,907,000. Diamond Hill Capital Management Inc. acquired a new position in shares of Dover during the 4th quarter valued at about $151,473,000. Finally, Auto Owners Insurance Co increased its stake in shares of Dover by 19,424.0% during the 4th quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock valued at $14,866,000 after acquiring an additional 757,536 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Down 1.5%

Shares of DOV stock opened at $213.84 on Friday. 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 fifty-two week low of $158.97 and a fifty-two week high of $237.54. The firm’s 50 day moving average price is $218.43 and its two-hundred day moving average price is $213.96. The stock has a market cap of $28.80 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16.

Dover (NYSE:DOV) last released its quarterly earnings data 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 in the prior year, the business earned $2.05 earnings per share. The business’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. On average, analysts anticipate that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is 25.94%.

Analyst Upgrades and Downgrades

DOV has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 target price on shares of Dover 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 increased their price target for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Barclays lifted their price target 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $229.00 price objective on shares of Dover in a report on Friday, April 24th. Finally, Morgan Stanley increased their target price on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus target price of $239.85.

About Dover

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.