OMERS ADMINISTRATION Corp Purchases Shares of 9,237 Dover Corporation $DOV

OMERS ADMINISTRATION Corp acquired a new position in Dover Corporation (NYSE:DOV) during the 2nd quarter, HoldingsChannel reports. The fund acquired 9,237 shares of the industrial products company’s stock, valued at approximately $2,072,000.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its holdings in Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after buying an additional 89 shares in the last quarter. Reflection Asset Management purchased a new position in Dover in the fourth quarter valued at $26,000. MV Capital Management Inc. purchased a new position in Dover in the fourth quarter valued at $29,000. Clearstead Trust LLC acquired a new position in shares of Dover in the second quarter worth about $30,000. Finally, Financial Life Planners purchased a new stake in shares of Dover during the 1st quarter worth about $31,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

NYSE:DOV opened at $204.78 on Thursday. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The stock has a market cap of $27.58 billion, a PE ratio of 24.67, a P/E/G ratio of 1.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The stock has a 50 day moving average price of $211.61 and a 200 day moving average price of $215.40.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion for 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 firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities research analysts expect that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.525 dividend. This is an increase from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. Dover’s payout ratio is currently 25.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOV. Wolfe Research restated an “outperform” rating and issued a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Robert W. Baird set a $270.00 target price on Dover in a research report on Friday, July 24th. Morgan Stanley lifted their price target on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Royal Bank Of Canada dropped their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Finally, BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $238.29.

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.