Dover Corporation $DOV Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. raised its holdings in Dover Corporation (NYSE:DOV) by 28.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,198 shares of the industrial products company’s stock after acquiring an additional 4,283 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dover were worth $3,748,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in Dover in the 3rd quarter valued at about $25,000. Tompkins Financial Corp raised its holdings in Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Leonteq Securities AG acquired a new stake in Dover in the 4th quarter valued at about $34,000. Westside Investment Management Inc. raised its holdings in Dover by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 114 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of Dover by 371.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock valued at $44,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOV. Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 price target on shares of Dover in a research note on Friday, April 24th. Robert W. Baird increased their price target on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. BMO Capital Markets increased their price target 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. Oppenheimer lifted their target price on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 target price on shares of Dover in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Dover has an average rating of “Moderate Buy” and a consensus target price of $237.36.

Dover Stock Performance

Shares of DOV stock opened at $210.10 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The stock has a market capitalization of $28.29 billion, a PE ratio of 26.20, a P/E/G ratio of 1.58 and a beta of 1.21. The firm has a 50 day moving average of $214.58 and a two-hundred day moving average of $207.02.

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

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio (DPR) is currently 25.94%.

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.