Dover Corporation $DOV Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its position in shares of Dover Corporation (NYSE:DOV) by 65.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,222 shares of the industrial products company’s stock after acquiring an additional 3,252 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Dover were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of DOV. OFI Invest Asset Management acquired a new position in Dover in the 4th quarter valued at about $10,195,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dover by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after buying an additional 7,396 shares during the period. BIP Wealth LLC acquired a new stake in shares of Dover during the 4th quarter worth approximately $538,000. Leeward Investments LLC MA raised its position in shares of Dover by 22.2% during the 4th quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock valued at $11,160,000 after buying an additional 10,377 shares during the period. Finally, Willis Johnson & Associates Inc. purchased a new stake in shares of Dover during the 4th quarter valued at approximately $1,062,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Oppenheimer increased their price objective on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Robert W. Baird set a $270.00 price target on Dover in a report on Friday, July 24th. Seaport Research Partners raised their price objective on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada reduced their price objective on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

Dover Stock Down 2.5%

Shares of NYSE DOV opened at $198.01 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $215.06 and its two-hundred day moving average is $215.52. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The firm has a market cap of $26.67 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.55 and a beta of 1.16.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.72 by $0.02. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts predict that Dover Corporation will post 10.64 EPS for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s payout ratio is currently 25.06%.

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.