Lombard Odier Asset Management Switzerland SA Purchases New Position in Dover Corporation $DOV

Lombard Odier Asset Management Switzerland SA acquired a new position in Dover Corporation (NYSE:DOV) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,810 shares of the industrial products company’s stock, valued at approximately $1,003,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after buying an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after acquiring an additional 676 shares during the period. Empowered Funds LLC lifted its stake in Dover by 11.8% in the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after acquiring an additional 1,580 shares during the period. Sivia Capital Partners LLC bought a new position in Dover during the 2nd quarter worth about $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Dover during the 2nd quarter valued at about $1,030,000. 84.46% of the stock is owned by institutional investors.

Dover Stock Up 1.8%

Shares of Dover stock opened at $205.79 on Tuesday. The firm’s 50 day moving average price is $215.39 and its 200-day moving average price is $215.52. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The company has a market cap of $27.72 billion, a P/E ratio of 24.79, a PEG ratio of 1.54 and a beta of 1.16.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. Dover’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, sell-side analysts predict that Dover Corporation will post 10.66 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend payout ratio is currently 25.06%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Dover in a research report on Friday, April 24th. Wolfe Research restated an “outperform” rating and set a $262.00 target price on shares of Dover in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 target price on shares of Dover in a research report on Friday, April 24th. Robert W. Baird set a $270.00 price target on Dover in a report on Friday. Finally, Weiss Ratings raised Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $238.29.

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.