National Pension Service Acquires 4,974 Shares of Dover Corporation $DOV

National Pension Service lifted its holdings in Dover Corporation (NYSE:DOV) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,837 shares of the industrial products company’s stock after buying an additional 4,974 shares during the quarter. National Pension Service owned about 0.19% of Dover worth $57,379,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DOV. Callan Family Office LLC acquired a new position in Dover during the 2nd quarter worth $702,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dover by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after buying an additional 7,396 shares during the period. Leeward Investments LLC MA raised its position in shares of Dover by 22.2% during the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock worth $11,160,000 after acquiring an additional 10,377 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of Dover during the first quarter valued at $1,367,000. Finally, E. Ohman J or Asset Management AB boosted its holdings in Dover by 3,177.2% in the second quarter. E. Ohman J or Asset Management AB now owns 146,949 shares of the industrial products company’s stock valued at $32,958,000 after acquiring an additional 142,465 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. Royal Bank Of Canada lowered 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 report on Friday, July 24th. Weiss Ratings cut shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Finally, BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and an average target price of $238.29.

Dover Stock Up 0.8%

NYSE:DOV opened at $188.94 on Friday. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.42 and a beta of 1.15. The stock has a 50-day moving average price of $204.34 and a two-hundred day moving average price of $212.33.

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

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.525 per share. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Dover’s payout ratio is currently 25.30%.

Dover Profile

Dover Corporation is a diversified global manufacturer that designs and produces specialized equipment, components and systems for industrial and commercial customers. Its businesses serve markets including energy, transportation, food and beverage, refrigeration, manufacturing, printing and packaging.

The company’s products and solutions include pumps, compressors, fluid-handling equipment, fueling and vehicle-service systems, refrigeration and heat-transfer technologies, industrial winches, digital printing and coding equipment, and systems used in textile and product identification applications.