Dover Corporation $DOV Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB grew its holdings in shares of Dover Corporation (NYSE:DOV) by 3,177.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,949 shares of the industrial products company’s stock after buying an additional 142,465 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Dover were worth $32,958,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DOV. Meeder Asset Management Inc. boosted its position in Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 89 shares during the period. Reflection Asset Management purchased a new position in Dover in the fourth quarter valued at about $26,000. MV Capital Management Inc. purchased a new position in Dover in the fourth quarter valued at about $29,000. Financial Life Planners acquired a new position in shares of Dover during the first quarter worth about $31,000. Finally, Leonteq Securities AG acquired a new position in shares of Dover during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Seaport Research Partners boosted their price target on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Oppenheimer upped their price target on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $229.00 price objective on shares of Dover in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reduced their target price on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average price target of $238.29.

Dover Stock Performance

Shares of NYSE DOV opened at $209.98 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $214.62 and its two-hundred day moving average price is $215.75. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The stock has a market capitalization of $28.28 billion, a P/E ratio of 25.30, a P/E/G ratio of 1.61 and a beta of 1.16.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, sell-side analysts forecast that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Increases Dividend

The business 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, August 31st. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is currently 25.06%.

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.