Forsta AP Fonden Has $12.07 Million Stock Holdings in Dover Corporation $DOV

Forsta AP Fonden lessened its position in shares of Dover Corporation (NYSE:DOV) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,800 shares of the industrial products company’s stock after selling 8,500 shares during the quarter. Forsta AP Fonden’s holdings in Dover were worth $12,066,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Machina Capital S.A.S. lifted its stake in shares of Dover by 91.8% during the third quarter. Machina Capital S.A.S. now owns 16,834 shares of the industrial products company’s stock valued at $2,808,000 after acquiring an additional 8,055 shares during the period. Federated Hermes Inc. increased its holdings in Dover by 17.3% in the third quarter. Federated Hermes Inc. now owns 43,300 shares of the industrial products company’s stock valued at $7,224,000 after purchasing an additional 6,399 shares during the last quarter. NEOS Investment Management LLC increased its holdings in Dover by 53.1% in the third quarter. NEOS Investment Management LLC now owns 13,741 shares of the industrial products company’s stock valued at $2,292,000 after purchasing an additional 4,766 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Dover by 15.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock valued at $8,442,000 after purchasing an additional 5,514 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Dover in the fourth quarter valued at about $10,195,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 0.0%

Shares of Dover stock opened at $211.35 on Monday. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The business has a 50-day moving average of $215.02 and a two-hundred day moving average of $208.38. The company has a market capitalization of $28.46 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the company earned $2.05 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities analysts predict that Dover Corporation will post 10.62 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed 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 is Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 25.94%.

Analyst Ratings Changes

A number of equities research analysts recently commented on DOV shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price objective on shares of Dover in a report on Friday, April 24th. BMO Capital Markets upped their price objective on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Barclays upped their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Citigroup restated a “buy” rating on shares of Dover in a report on Friday, April 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $252.00 price target on shares of Dover in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $237.36.

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.