38,582 Shares in Dover Corporation $DOV Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in shares of Dover Corporation (NYSE:DOV) during the fourth quarter, Holdings Channel reports. The firm purchased 38,582 shares of the industrial products company’s stock, valued at approximately $7,535,000.

A number of other hedge funds have also recently added to or reduced their stakes in DOV. Brighton Jones LLC grew its stake in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after buying an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dover by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after purchasing an additional 676 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Dover by 11.8% in the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after purchasing an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Dover in the 2nd quarter valued at approximately $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Dover in the 2nd quarter valued at approximately $1,030,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on DOV shares. BMO Capital Markets lifted their target price on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Barclays lifted their target price on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Seaport Research Partners lifted their target price on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Morgan Stanley set a $210.00 target price on Dover in a research note on Wednesday, February 4th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.36.

Dover Stock Performance

Shares of DOV stock opened at $207.83 on Tuesday. The stock has a fifty day moving average price of $214.95 and a 200 day moving average price of $208.55. The stock has a market cap of $27.99 billion, a PE ratio of 25.91, a P/E/G ratio of 1.61 and a beta of 1.17. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87.

Dover (NYSE:DOV) last issued its quarterly earnings data 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. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Sell-side analysts forecast that Dover Corporation will post 10.62 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s payout ratio is currently 25.94%.

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.