Interval Partners LP Has $95.46 Million Stock Holdings in Dover Corporation $DOV

Interval Partners LP increased its stake in Dover Corporation (NYSE:DOV) by 1,203.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,941 shares of the industrial products company’s stock after acquiring an additional 451,427 shares during the quarter. Dover accounts for approximately 1.7% of Interval Partners LP’s portfolio, making the stock its 6th largest position. Interval Partners LP owned approximately 0.36% of Dover worth $95,461,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Investment Management Corp of Ontario increased its stake in shares of Dover by 43.1% in the 4th quarter. Investment Management Corp of Ontario now owns 9,248 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 2,787 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Dover by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 17,963 shares of the industrial products company’s stock valued at $3,508,000 after acquiring an additional 273 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of Dover by 26.1% in the 4th quarter. Gotham Asset Management LLC now owns 55,665 shares of the industrial products company’s stock valued at $10,868,000 after acquiring an additional 11,518 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in shares of Dover in the 4th quarter valued at $918,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Dover by 13,706.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 273,783 shares of the industrial products company’s stock valued at $53,453,000 after acquiring an additional 271,800 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV stock opened at $220.68 on Thursday. The firm has a market capitalization of $29.72 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The firm has a fifty day simple moving average of $216.97 and a two-hundred day simple moving average of $211.46. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. Dover’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Analysts forecast that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s payout ratio is currently 25.94%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Morgan Stanley lifted 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. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $210.00 to $230.00 in a research note on Tuesday, March 17th. Finally, Oppenheimer boosted their price target on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $239.85.

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.