Aventail Capital Group LP Buys Shares of 63,230 Dover Corporation $DOV

Aventail Capital Group LP bought a new stake in Dover Corporation (NYSE:DOV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 63,230 shares of the industrial products company’s stock, valued at approximately $12,345,000.

Other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new position in Dover during the 3rd quarter worth $25,000. Meeder Asset Management Inc. raised its stake in Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. Tompkins Financial Corp raised its stake in Dover by 102.7% during 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 purchased a new stake in Dover during the 4th quarter valued at approximately $34,000. Finally, DV Equities LLC purchased a new position in shares of Dover during the 4th quarter worth approximately $37,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Down 0.9%

Shares of Dover stock opened at $220.68 on Thursday. The business has a 50-day moving average of $216.97 and a 200-day moving average of $211.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The company has a market capitalization of $29.72 billion, a PE ratio of 27.52, a P/E/G ratio of 1.69 and a beta of 1.17. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54.

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, beating the consensus estimate 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%.The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts forecast that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DOV shares. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Morgan Stanley increased their target price on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Barclays increased their price target on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 price target on shares of Dover in a research note on Friday, April 24th. Finally, Seaport Research Partners increased their target price on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

Dover 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.