Eurizon Capital SGR S.p.A. Makes New Investment in Dover Corporation $DOV

Eurizon Capital SGR S.p.A. acquired a new position in Dover Corporation (NYSE:DOV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,582 shares of the industrial products company’s stock, valued at approximately $7,535,000.

Several other large investors have also made changes to their positions in the business. Frank Rimerman Advisors LLC raised its stake in shares of Dover by 2.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after buying an additional 52 shares during the period. Tectonic Advisors LLC raised its stake in shares of Dover by 1.7% during the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after buying an additional 54 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Dover by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after buying an additional 56 shares during the period. Mission Wealth Management LP raised its stake in shares of Dover by 0.8% during the 3rd quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock worth $1,250,000 after buying an additional 58 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in shares of Dover by 14.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 455 shares of the industrial products company’s stock worth $89,000 after buying an additional 59 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $210.00 price target on Dover in a research report on Wednesday, February 4th. Barclays boosted their price target on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. BMO Capital Markets boosted their price target on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Citigroup reiterated a “buy” rating on shares of Dover in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.36.

Dover Price Performance

Shares of NYSE DOV opened at $207.83 on Tuesday. 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. The firm has a market capitalization of $27.99 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The stock’s 50-day simple moving average is $214.95 and its 200-day simple moving average is $208.55.

Dover (NYSE:DOV) last issued its 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. 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 analyst estimates of $2.19 billion. During the same quarter last year, the company earned $2.05 EPS. The business’s quarterly 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 forecast that Dover Corporation will post 10.62 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

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.