Intech Investment Management LLC Acquires New Position in Dover Corporation $DOV

Intech Investment Management LLC acquired a new stake in Dover Corporation (NYSE:DOV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,055 shares of the industrial products company’s stock, valued at approximately $596,000.

A number of other institutional investors also recently bought and sold shares of DOV. Brighton Jones LLC raised its position in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after buying an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Dover by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after acquiring an additional 676 shares during the period. Empowered Funds LLC grew its stake in Dover by 11.8% in the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after acquiring an additional 1,580 shares during the period. Sivia Capital Partners LLC acquired a new stake in Dover in the 2nd quarter valued at $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Dover during the 2nd quarter worth $1,030,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DOV. Citigroup reaffirmed a “buy” rating on shares of Dover in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Sunday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $252.00 target price on shares of Dover in a research report on Friday, April 24th. Oppenheimer lifted their target price on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Morgan Stanley boosted 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. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $238.79.

Dover Price Performance

Shares of NYSE DOV opened at $220.69 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The stock has a 50 day moving average of $215.40 and a two-hundred day moving average of $209.98. The stock has a market cap of $29.72 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.65 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 for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, research analysts forecast that Dover Corporation will post 10.64 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Dover’s dividend payout ratio (DPR) 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.