UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $217.43 Million Holdings in Dover Corporation $DOV

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dover Corporation (NYSE:DOV) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 969,469 shares of the industrial products company’s stock after purchasing an additional 20,590 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.72% of Dover worth $217,433,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. raised its stake 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 worth $25,000 after acquiring an additional 89 shares during the last quarter. Reflection Asset Management bought a new stake in shares of Dover during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new stake in shares of Dover in the second quarter valued at approximately $30,000. MV Capital Management Inc. acquired a new stake in shares of Dover in the fourth quarter valued at approximately $29,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Dover in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 2.4%

NYSE DOV opened at $193.89 on Tuesday. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The stock’s 50 day moving average price is $209.96 and its two-hundred day moving average price is $214.81. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company posted $2.44 earnings per share. Dover’s revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, analysts anticipate that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. Dover’s dividend payout ratio (DPR) is presently 25.06%.

Wall Street Analyst Weigh In

DOV has been the topic of several research reports. Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Weiss Ratings raised Dover from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 4th. Robert W. Baird set a $270.00 target price on shares of Dover in a research report on Friday, July 24th. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Royal Bank Of Canada dropped their price target on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.

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.