Genus Capital Management Inc. Takes $2.49 Million Position in Dover Corporation $DOV

Genus Capital Management Inc. acquired a new stake in shares of Dover Corporation (NYSE:DOV) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 12,756 shares of the industrial products company’s stock, valued at approximately $2,490,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC raised its stake in Dover by 2.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 52 shares during the last quarter. Tectonic Advisors LLC raised its stake in Dover by 1.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after acquiring an additional 54 shares during the last quarter. Mission Wealth Management LP raised its stake in Dover by 0.8% in the 3rd quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock worth $1,250,000 after acquiring an additional 58 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Dover by 14.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 455 shares of the industrial products company’s stock worth $89,000 after acquiring an additional 59 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in Dover by 4.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,513 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DOV shares. Weiss Ratings upgraded Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Citigroup restated a “buy” rating on shares of Dover in a research note on Friday, April 24th. BMO Capital Markets raised their target price on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Oppenheimer raised their target price on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $252.00 target price on shares of Dover in a research note on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $237.36.

Dover Price Performance

Shares of DOV opened at $210.10 on Monday. The business’s 50-day moving average is $214.58 and its two-hundred day moving average is $207.22. The company has a market capitalization of $28.29 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.60 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Research analysts predict that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio (DPR) is currently 25.94%.

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.