BNP Paribas Financial Markets Purchases 104,547 Shares of Dover Corporation $DOV

BNP Paribas Financial Markets grew its position in shares of Dover Corporation (NYSE:DOV) by 60.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,500 shares of the industrial products company’s stock after buying an additional 104,547 shares during the quarter. BNP Paribas Financial Markets’ holdings in Dover were worth $54,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of Dover during the 3rd quarter worth approximately $25,000. Tompkins Financial Corp increased its stake in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Dover during the 4th quarter worth approximately $34,000. Westside Investment Management Inc. increased its stake in shares of Dover by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 114 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of Dover by 371.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the subject of several research analyst reports. Citigroup restated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $210.00 to $230.00 in a research note on Tuesday, March 17th. Finally, Oppenheimer lifted their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $237.36.

Dover Stock Up 2.1%

Dover stock opened at $211.90 on Wednesday. The firm has a 50 day simple moving average of $214.95 and a 200 day simple moving average of $208.55. The firm has a market capitalization of $28.53 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 1.58 and a beta of 1.17. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, analysts predict that Dover Corporation will post 10.62 earnings per share for the current year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Dover’s payout ratio is 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.