Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in Dover Corporation $DOV

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Dover Corporation (NYSE:DOV) by 5,479.6% in the 4th quarter, Holdings Channel reports. The fund owned 35,486 shares of the industrial products company’s stock after acquiring an additional 34,850 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dover were worth $6,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NEOS Investment Management LLC raised its stake in Dover by 53.1% during the 3rd quarter. NEOS Investment Management LLC now owns 13,741 shares of the industrial products company’s stock valued at $2,292,000 after acquiring an additional 4,766 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Dover by 15.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after buying an additional 5,514 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Dover during the 4th quarter worth approximately $10,195,000. Pensionfund Sabic purchased a new position in shares of Dover during the 4th quarter worth approximately $1,230,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Dover by 11.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 285,157 shares of the industrial products company’s stock worth $47,573,000 after buying an additional 29,509 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOV has been the subject of a number of analyst reports. Robert W. Baird increased their target price on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 target price on shares of Dover in a research note on Friday, April 24th. BMO Capital Markets increased their target price on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Oppenheimer increased their target price on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.79.

Dover Stock Performance

DOV opened at $213.67 on Friday. The stock has a market cap of $28.77 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The stock’s 50 day simple moving average is $214.99 and its 200 day simple moving average is $209.19. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The business had revenue of $2.05 billion for 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%.The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts anticipate that Dover Corporation will post 10.62 EPS for the current fiscal year.

Dover Announces Dividend

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

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.