Natixis Advisors LLC Has $18.21 Million Stock Position in Dover Corporation $DOV

Natixis Advisors LLC grew its position in Dover Corporation (NYSE:DOV) by 13.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 93,284 shares of the industrial products company’s stock after purchasing an additional 11,183 shares during the period. Natixis Advisors LLC’s holdings in Dover were worth $18,213,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC grew its position in Dover by 2.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 52 shares in the last quarter. Tectonic Advisors LLC increased its stake in Dover by 1.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock valued at $620,000 after buying an additional 54 shares during the period. Kingsview Wealth Management LLC increased its stake in Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after buying an additional 56 shares during the period. Brown Brothers Harriman & Co. increased its stake in Dover by 4.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,513 shares of the industrial products company’s stock valued at $252,000 after buying an additional 59 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Dover by 14.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 455 shares of the industrial products company’s stock valued at $89,000 after buying an additional 59 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DOV shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Morgan Stanley raised their price objective on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Dover in a research report on Friday, April 24th. Finally, Barclays increased their price target on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $238.79.

Dover Trading Up 0.7%

Shares of DOV stock opened at $214.93 on Friday. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $214.98 and its two-hundred day moving average is $209.23. The company has a market cap of $28.94 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17.

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

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s payout ratio is currently 25.94%.

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.