Goldman Sachs Group Inc. Purchases 142,171 Shares of Dover Corporation $DOV

Goldman Sachs Group Inc. lifted its position in shares of Dover Corporation (NYSE:DOV) by 24.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 726,774 shares of the industrial products company’s stock after acquiring an additional 142,171 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Dover were worth $141,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Dover during the 3rd quarter valued at approximately $25,000. Tompkins Financial Corp grew its stake 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 buying an additional 77 shares in the last quarter. Leonteq Securities AG bought a new stake in Dover during the 4th quarter valued at $34,000. Torren Management LLC purchased a new stake in shares of Dover during the fourth quarter worth $45,000. Finally, N.E.W. Advisory Services LLC lifted its position in shares of Dover by 36.2% during the fourth quarter. N.E.W. Advisory Services LLC now owns 237 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 0.1%

Shares of DOV stock opened at $214.93 on Monday. The company has a market capitalization of $28.94 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The business’s fifty day moving average is $214.98 and its 200 day moving average is $209.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the company earned $2.05 EPS. The company’s quarterly 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, equities research analysts anticipate that Dover Corporation will post 10.64 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Dover’s dividend payout ratio is 25.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DOV. Robert W. Baird lifted their price target on Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Barclays raised their target price on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 target price on shares of Dover in a report on Friday, April 24th. Morgan Stanley upped their price target on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Oppenheimer increased their price target on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and an average price target of $238.79.

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.