Nykredit A S Buys Shares of 42,722 Dover Corporation $DOV

Nykredit A S acquired a new position in Dover Corporation (NYSE:DOV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,722 shares of the industrial products company’s stock, valued at approximately $9,582,000.

Other hedge funds have also recently bought and sold shares of the company. Chesapeake Wealth Management acquired a new stake in shares of Dover in the second quarter worth about $204,000. Proficio Capital Partners LLC bought a new position in shares of Dover in the 2nd quarter valued at approximately $800,000. Rehmann Capital Advisory Group lifted its holdings in Dover by 2.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 8,481 shares of the industrial products company’s stock worth $1,902,000 after purchasing an additional 230 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in Dover by 27.3% during the second quarter. Alyeska Investment Group L.P. now owns 322,236 shares of the industrial products company’s stock worth $72,271,000 after purchasing an additional 69,008 shares during the period. Finally, Greenleaf Trust grew its holdings in Dover by 2.2% during the second quarter. Greenleaf Trust now owns 5,811 shares of the industrial products company’s stock valued at $1,303,000 after purchasing an additional 127 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Wolfe Research reiterated an “outperform” rating and issued a $262.00 target price on shares of Dover in a report on Thursday, July 9th. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Morgan Stanley raised their price target 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, Weiss Ratings cut Dover from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. 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 a consensus target price of $238.29.

Dover Stock Up 0.9%

Shares of DOV opened at $192.70 on Friday. The company has a 50-day simple moving average of $207.11 and a 200-day simple moving average of $213.77. The firm has a market capitalization of $25.95 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.46 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54.

Dover (NYSE:DOV) last released its earnings results 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. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the business earned $2.44 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities research analysts expect that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.525 dividend. The ex-dividend date is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. Dover’s dividend payout ratio is currently 25.30%.

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.