iSAM Funds UK Ltd Buys New Shares in Dover Corporation $DOV

iSAM Funds UK Ltd bought a new position in shares of Dover Corporation (NYSE:DOV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the industrial products company’s stock, valued at approximately $1,121,000. Dover accounts for 0.8% of iSAM Funds UK Ltd’s holdings, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Callan Family Office LLC acquired a new position in shares of Dover in the 2nd quarter valued at $702,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dover by 3.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after buying an additional 7,396 shares during the period. Leeward Investments LLC MA increased its holdings in shares of Dover by 22.2% during the 4th quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after buying an additional 10,377 shares during the last quarter. Independent Financial Group LLC purchased a new position in shares of Dover in the 1st quarter worth $1,367,000. Finally, Tredje AP fonden raised its position in shares of Dover by 5.4% in the 4th quarter. Tredje AP fonden now owns 172,043 shares of the industrial products company’s stock worth $33,590,000 after buying an additional 8,774 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Robert W. Baird set a $270.00 price target on Dover in a research report on Friday, July 24th. Morgan Stanley raised their price objective on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Weiss Ratings upgraded Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada dropped their target price on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $238.29.

Dover Stock Down 0.5%

Shares of NYSE DOV opened at $189.07 on Thursday. The stock has a fifty day moving average price of $208.58 and a 200 day moving average price of $214.21. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a market cap of $25.46 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.44 and a beta of 1.15.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.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 firm posted $2.44 earnings per share. 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 10.66 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.525 per share. This is a boost from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.1%. Dover’s dividend payout ratio is presently 25.30%.

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.