Dover Corporation $DOV Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in shares of Dover Corporation (NYSE:DOV) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,726 shares of the industrial products company’s stock after purchasing an additional 11,173 shares during the period. Handelsbanken Fonder AB’s holdings in Dover were worth $13,028,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Dover by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock worth $3,266,951,000 after purchasing an additional 120,341 shares during the period. State Street Corp lifted its stake in shares of Dover by 1.3% in the 3rd quarter. State Street Corp now owns 6,533,361 shares of the industrial products company’s stock worth $1,089,961,000 after acquiring an additional 86,212 shares during the period. Wellington Management Group LLP lifted its stake in shares of Dover by 16.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock worth $355,458,000 after acquiring an additional 294,856 shares during the period. Franklin Resources Inc. lifted its stake in shares of Dover by 13.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,664,306 shares of the industrial products company’s stock worth $277,656,000 after acquiring an additional 193,878 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Dover by 4.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,633,133 shares of the industrial products company’s stock worth $272,456,000 after acquiring an additional 67,588 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 1.4%

Shares of NYSE DOV opened at $207.93 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The firm has a 50-day moving average price of $214.58 and a 200 day moving average price of $207.00. The stock has a market capitalization of $28.00 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.61 and a beta of 1.21.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business earned $2.05 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities research analysts anticipate that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Announces Dividend

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 paid a $0.52 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio (DPR) is 25.94%.

Analysts Set New Price Targets

Several analysts have recently commented on DOV shares. BMO Capital Markets raised their target price on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Oppenheimer raised their target price on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley set a $210.00 target price on shares of Dover in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $252.00 target price on shares of Dover in a research note on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.36.

Dover Company 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.