Dover Corporation $DOV Shares Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc raised its position in Dover Corporation (NYSE:DOV) by 114.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,628 shares of the industrial products company’s stock after purchasing an additional 3,003 shares during the period. MUFG Securities EMEA plc’s holdings in Dover were worth $1,099,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Texas Yale Capital Corp. grew its holdings in Dover by 1.9% in the fourth quarter. Texas Yale Capital Corp. now owns 10,475 shares of the industrial products company’s stock valued at $2,045,000 after purchasing an additional 200 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Dover by 60.4% in the fourth quarter. BNP Paribas Financial Markets now owns 277,500 shares of the industrial products company’s stock valued at $54,179,000 after purchasing an additional 104,547 shares during the last quarter. Patrick Mauro Investment Advisor INC. acquired a new stake in Dover in the fourth quarter valued at $246,000. Norges Bank acquired a new stake in Dover in the fourth quarter valued at $275,907,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Dover in the fourth quarter valued at $7,535,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DOV. Citigroup reissued a “buy” rating on shares of Dover in a report on Friday, April 24th. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday. Barclays upped their target price on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Finally, BMO Capital Markets upped their target price on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $237.36.

Dover Stock Up 2.1%

Shares of NYSE:DOV opened at $211.90 on Wednesday. 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 stock’s fifty day simple moving average is $214.95 and its 200-day simple moving average is $208.55. The company has a market capitalization of $28.53 billion, a P/E ratio of 26.42, a P/E/G ratio of 1.58 and a beta of 1.17.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the business earned $2.05 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities research analysts forecast that Dover Corporation will post 10.62 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Dover’s dividend payout ratio is currently 25.94%.

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.