Dover Corporation $DOV Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its position in shares of Dover Corporation (NYSE:DOV) by 65.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,222 shares of the industrial products company’s stock after purchasing an additional 3,252 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Dover were worth $1,714,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DOV. OFI Invest Asset Management purchased a new position in shares of Dover in the 4th quarter valued at about $10,195,000. Northwestern Mutual Wealth Management Co. boosted its position in Dover by 3.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock worth $42,845,000 after purchasing an additional 7,396 shares in the last quarter. BIP Wealth LLC purchased a new position in Dover during the fourth quarter worth approximately $538,000. Leeward Investments LLC MA grew its holdings in Dover by 22.2% in the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock valued at $11,160,000 after purchasing an additional 10,377 shares during the period. Finally, Willis Johnson & Associates Inc. purchased a new stake in shares of Dover in the fourth quarter valued at approximately $1,062,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Down 2.5%

NYSE DOV opened at $198.01 on Thursday. The business has a fifty day moving average price of $215.06 and a 200 day moving average price of $215.52. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market cap of $26.67 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.55 and a beta of 1.16.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the company posted $2.44 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts anticipate that Dover Corporation will post 10.64 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Dover’s payout ratio is presently 25.06%.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Robert W. Baird set a $270.00 price target on shares of Dover in a report on Friday, July 24th. Seaport Research Partners upped their price objective on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $255.00 to $240.00 in a report on Friday, July 24th. Finally, 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. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $238.29.

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.