Regents Gate Capital LLP Purchases Shares of 40,800 Dover Corporation $DOV

Regents Gate Capital LLP acquired a new position in Dover Corporation (NYSE:DOV) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,800 shares of the industrial products company’s stock, valued at approximately $8,505,000. Dover accounts for 1.8% of Regents Gate Capital LLP’s investment portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Orion Porfolio Solutions LLC raised its position in Dover by 0.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock worth $1,472,000 after acquiring an additional 51 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Dover by 2.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 52 shares during the period. KCM Investment Advisors LLC increased its stake in shares of Dover by 3.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 53 shares in the last quarter. Tectonic Advisors LLC raised its holdings in Dover by 1.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 54 shares during the period. Finally, Kingsview Wealth Management LLC raised its holdings in Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Shares of Dover stock opened at $214.04 on Friday. The company has a market capitalization of $28.82 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.63 and a beta of 1.16. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $216.30 and its 200-day simple moving average is $215.05. 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, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business posted $2.05 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, analysts expect that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.52 per share. The ex-dividend date was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 25.94%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DOV. Seaport Research Partners boosted their price target on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. BMO Capital Markets boosted their price objective on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Robert W. Baird increased their target price on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Wolfe Research restated an “outperform” rating and set a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.43.

About Dover

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.