SG Americas Securities LLC Has $49.79 Million Holdings in Dover Corporation $DOV

SG Americas Securities LLC raised its holdings in Dover Corporation (NYSE:DOV) by 390.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,862 shares of the industrial products company’s stock after acquiring an additional 190,164 shares during the period. SG Americas Securities LLC owned about 0.18% of Dover worth $49,791,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of Dover in the 4th quarter valued at $10,195,000. Wealth Enhancement Advisory Services LLC grew its position in Dover by 15.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after acquiring an additional 5,514 shares during the last quarter. Pensionfund Sabic acquired a new position in Dover in the 4th quarter worth about $1,230,000. Northwestern Mutual Wealth Management Co. raised its position in Dover by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after purchasing an additional 7,396 shares during the last quarter. Finally, BIP Wealth LLC bought a new position in Dover in the fourth quarter valued at about $538,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Price Performance

Shares of DOV opened at $229.31 on Tuesday. The business has a 50-day moving average of $217.66 and a 200-day moving average of $212.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The company has a market capitalization of $30.88 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 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 analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The firm’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 anticipate that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 0.9%. Dover’s dividend payout ratio is 25.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $210.00 to $230.00 in a research report on Tuesday, March 17th. Citigroup reissued a “buy” rating on shares of Dover in a report on Friday, April 24th. Oppenheimer upped their price target on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Barclays raised their price target on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.85.

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.