Raiffeisen Bank International AG Purchases 3,478 Shares of Dover Corporation $DOV

Raiffeisen Bank International AG boosted its stake in shares of Dover Corporation (NYSE:DOV) by 104.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,802 shares of the industrial products company’s stock after purchasing an additional 3,478 shares during the period. Raiffeisen Bank International AG’s holdings in Dover were worth $1,524,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Dover by 4.9% during the first 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 acquiring an additional 676 shares in the last quarter. Empowered Funds LLC increased its holdings in Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after acquiring an additional 1,580 shares during the period. Sivia Capital Partners LLC purchased a new stake in Dover in the 2nd quarter worth approximately $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Dover in the 2nd quarter worth approximately $1,030,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DOV shares. Morgan Stanley boosted 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. Weiss Ratings downgraded Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Robert W. Baird set a $270.00 price target on Dover in a research report on Friday, July 24th. Finally, Royal Bank Of Canada dropped their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.29.

Dover Stock Up 0.9%

NYSE:DOV opened at $192.70 on Friday. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The firm’s 50-day moving average price is $207.11 and its 200-day moving average price is $213.77. The company has a market capitalization of $25.95 billion, a PE ratio of 23.22, a P/E/G ratio of 1.46 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company earned $2.44 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities analysts predict that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

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