Quantinno Capital Management LP Increases Stake in Dover Corporation $DOV

Quantinno Capital Management LP grew its stake in shares of Dover Corporation (NYSE:DOV) by 20.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 55,661 shares of the industrial products company’s stock after purchasing an additional 9,530 shares during the quarter. Quantinno Capital Management LP’s holdings in Dover were worth $11,603,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Dover by 174.4% during the fourth 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 increased its holdings 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 valued at $489,900,000 after acquiring an additional 1,612,159 shares during the last quarter. Norges Bank purchased a new stake in Dover in the 4th quarter worth $275,907,000. Diamond Hill Capital Management Inc. bought a new position in shares of Dover during the 4th quarter valued at about $151,473,000. Finally, Auto Owners Insurance Co grew its position in shares of Dover by 19,424.0% during the fourth quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock valued at $14,866,000 after purchasing an additional 757,536 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 0.5%

Shares of NYSE:DOV opened at $205.74 on Tuesday. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.56 and a beta of 1.16. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $214.79 and a 200 day moving average price of $215.56.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the firm posted $2.44 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities research analysts predict that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.52 dividend. The ex-dividend date was 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 presently 25.06%.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research analyst reports. Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada cut their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Barclays lifted their price objective on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Morgan Stanley increased their target price on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Finally, Seaport Research Partners raised their target price on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and an average price target of $238.29.

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.