iSAM Funds UK Ltd Makes New Investment in Dover Corporation $DOV

iSAM Funds UK Ltd acquired a new stake in Dover Corporation (NYSE:DOV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the industrial products company’s stock, valued at approximately $1,121,000. Dover comprises approximately 0.8% of iSAM Funds UK Ltd’s holdings, making the stock its 27th largest position.

Several other large investors also recently modified their holdings of DOV. BlackRock Inc. purchased a new stake in shares of Dover during the second quarter worth about $2,347,134,000. Bank of America Corp DE purchased a new position in Dover in the second quarter valued at about $625,375,000. Bank of New York Mellon Corp acquired a new stake in Dover during the 2nd quarter valued at approximately $591,207,000. First Trust Advisors LP increased its holdings in Dover by 179.7% during 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 purchasing an additional 1,612,159 shares during the last quarter. Finally, Norges Bank purchased a new stake in Dover during the 4th quarter worth approximately $275,907,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 0.5%

NYSE:DOV opened at $189.07 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 $208.58 and its two-hundred day moving average is $214.21. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The company has a market cap of $25.46 billion, a PE ratio of 22.78, a P/E/G ratio of 1.44 and a beta of 1.15.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, analysts predict that Dover Corporation will post 10.66 EPS for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.525 per share. 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 annualized dividend and a yield of 1.1%. Dover’s payout ratio is presently 25.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Robert W. Baird set a $270.00 target price on Dover in a research note on Friday, July 24th. BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Morgan Stanley increased their price objective on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings raised shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price 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.