Healthcare of Ontario Pension Plan Trust Fund Purchases 184,051 Shares of Dover Corporation $DOV

Healthcare of Ontario Pension Plan Trust Fund increased its position in Dover Corporation (NYSE:DOV) by 3,395.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 189,472 shares of the industrial products company’s stock after purchasing an additional 184,051 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dover were worth $39,495,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Reflection Asset Management bought a new position in shares of Dover during the fourth quarter valued at about $26,000. MV Capital Management Inc. purchased a new stake in shares of Dover during the fourth quarter worth about $29,000. Financial Life Planners bought a new stake in shares of Dover in the first quarter worth about $31,000. Finally, Leonteq Securities AG bought a new stake in shares of Dover in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Price Performance

DOV stock opened at $202.45 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The firm has a 50-day moving average of $215.49 and a 200 day moving average of $215.42. The company has a market cap of $27.26 billion, a P/E ratio of 24.39, a PEG ratio of 1.54 and a beta of 1.16.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a return on equity of 18.43% and a net margin of 13.48%.The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the firm posted $2.44 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, sell-side analysts forecast that Dover Corporation will post 10.66 EPS for the current year.

Dover Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Barclays boosted their target price on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Morgan Stanley raised their price target on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.29.

Key Headlines Impacting Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover beat Q2 EPS estimates, reporting $2.74 per share versus $2.72 expected, while revenue grew 6.8% year over year, signaling continued demand and solid execution. Dover Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised FY 2026 guidance, projecting EPS of $10.55 to $10.75 and revenue of $8.6 billion to $8.7 billion, which supports the view that earnings momentum can continue. Dover earnings call
• Positive Sentiment: Analysts highlighted margin gains, 16% bookings growth, and a stronger-than-expected quarter, reinforcing optimism about Dover’s near-term fundamentals. Zacks earnings analysis
• Neutral Sentiment: Royal Bank of Canada lowered its price target on Dover to $227 from $252 and kept a “sector perform” rating, but the new target still implies upside from current levels. Royal Bank of Canada note via Benzinga/The Fly
• Neutral Sentiment: Additional coverage focused on Dover’s stable risk profile and the details of its earnings call, which may help sustain investor confidence but are less likely to drive the stock on their own. Q2 2026 earnings call transcript

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.