Dover Corporation $DOV Position Raised by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its holdings in Dover Corporation (NYSE:DOV) by 206.9% during the third quarter, Holdings Channel.com reports. The fund owned 120,434 shares of the industrial products company’s stock after buying an additional 81,197 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Dover were worth $21,515,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DOV. True North Advisors LLC lifted its position in Dover by 2.9% during the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 45 shares during the last quarter. Nilsine Partners LLC increased its stake in Dover by 2.7% in the second quarter. Nilsine Partners LLC now owns 1,967 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 52 shares during the last quarter. KCM Investment Advisors LLC raised its position in Dover by 3.5% during the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 53 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Dover by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock worth $975,000 after purchasing an additional 58 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in shares of Dover by 22.4% during the 1st quarter. Root Financial Partners LLC now owns 350 shares of the industrial products company’s stock valued at $73,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DOV shares. Wells Fargo & Company assumed coverage on shares of Dover in a research report on Thursday, September 24th. They set an “overweight” rating and a $229.00 price target on the stock. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Wolfe Research reissued an “outperform” rating and issued a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Finally, Weiss Ratings lowered Dover from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 2nd. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Dover presently has an average rating of “Moderate Buy” and an average target price of $238.21.

Dover Stock Up 0.3%

Shares of Dover stock opened at $188.92 on Friday. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The company has a 50-day moving average of $196.42 and a 200 day moving average of $208.64. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.65 and a beta of 1.13.

Dover (NYSE:DOV) last issued its quarterly earnings results 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. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, sell-side analysts anticipate that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.5250 dividend. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, August 31st. Dover’s payout ratio is currently 25.30%.

Dover Profile

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company’s products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.