42,722 Shares in Dover Corporation $DOV Purchased by Nykredit A S

Nykredit A S purchased a new position in shares of Dover Corporation (NYSE:DOV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,722 shares of the industrial products company’s stock, valued at approximately $9,582,000.

Other large investors also recently modified their holdings of the company. Chesapeake Wealth Management acquired a new position in shares of Dover in the 2nd quarter worth approximately $204,000. Proficio Capital Partners LLC acquired a new stake in Dover in the 2nd quarter valued at $800,000. Rehmann Capital Advisory Group grew its position in Dover by 2.8% in the second quarter. Rehmann Capital Advisory Group now owns 8,481 shares of the industrial products company’s stock valued at $1,902,000 after acquiring an additional 230 shares during the period. Alyeska Investment Group L.P. raised its stake in Dover by 27.3% during the second quarter. Alyeska Investment Group L.P. now owns 322,236 shares of the industrial products company’s stock worth $72,271,000 after acquiring an additional 69,008 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of Dover by 2.2% during the second quarter. Greenleaf Trust now owns 5,811 shares of the industrial products company’s stock valued at $1,303,000 after acquiring an additional 127 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DOV. Robert W. Baird set a $270.00 target price on shares of Dover in a research report on Friday, July 24th. Weiss Ratings lowered shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Wolfe Research reissued an “outperform” rating and issued a $262.00 price objective on shares of Dover in a research note on Thursday, July 9th. BMO Capital Markets raised shares of Dover from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Finally, Morgan Stanley lifted their price objective on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Stock Up 0.9%

Dover stock opened at $192.70 on Friday. The firm has a market capitalization of $25.95 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.46 and a beta of 1.15. The company’s 50 day simple moving average is $207.11 and its 200 day simple moving average is $213.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, sell-side analysts anticipate that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is 25.30%.

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.