BNP Paribas Financial Markets Has $54.18 Million Position in Dover Corporation $DOV

BNP Paribas Financial Markets lifted its stake in shares of Dover Corporation (NYSE:DOV) by 60.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,500 shares of the industrial products company’s stock after purchasing an additional 104,547 shares during the quarter. BNP Paribas Financial Markets owned about 0.20% of Dover worth $54,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOV. Financial Life Planners bought a new position in shares of Dover during the 3rd quarter worth about $25,000. Tompkins Financial Corp boosted its position in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Dover during the 4th quarter worth about $34,000. Westside Investment Management Inc. boosted its position in shares of Dover by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 114 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in shares of Dover by 371.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Dover stock opened at $211.90 on Wednesday. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The company’s 50 day moving average price is $214.95 and its two-hundred day moving average price is $208.55. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The stock has a market cap of $28.53 billion, a P/E ratio of 26.42, a P/E/G ratio of 1.58 and a beta of 1.17.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the firm earned $2.05 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, equities analysts predict that Dover Corporation will post 10.62 earnings per share for the current year.

Dover Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio (DPR) is currently 25.94%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DOV. BMO Capital Markets increased their price objective on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Seaport Research Partners raised their price target on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Wells Fargo & Company raised shares of Dover from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research report on Friday, April 24th. Finally, Oppenheimer raised 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. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $237.36.

About Dover

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.