Graham Capital Management L.P. Acquires Shares of 18,900 Dover Corporation $DOV

Graham Capital Management L.P. acquired a new stake in shares of Dover Corporation (NYSE:DOV) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 18,900 shares of the industrial products company’s stock, valued at approximately $3,690,000.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners purchased a new position in shares of Dover in the third quarter valued at $25,000. Meeder Asset Management Inc. grew its holdings in shares of Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Tompkins Financial Corp grew its holdings in shares of Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Dover in the fourth quarter valued at $34,000. Finally, Torren Management LLC purchased a new position in shares of Dover in the fourth quarter valued at $45,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent research reports. Robert W. Baird raised their target price on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Barclays raised their target price on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Citigroup reissued a “buy” rating on shares of Dover in a report on Friday, April 24th. Finally, BMO Capital Markets raised their target price on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.85.

Dover Stock Up 1.0%

Shares of DOV opened at $222.82 on Wednesday. The company has a market cap of $30.01 billion, a PE ratio of 27.78, a P/E/G ratio of 1.68 and a beta of 1.17. The business has a fifty day moving average of $216.70 and a 200 day moving average of $211.22. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. 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 (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, sell-side analysts expect that Dover Corporation will post 10.65 EPS for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.52 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Dover’s dividend payout ratio (DPR) is currently 25.94%.

About Dover

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.