Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stock Position in Dover Corporation $DOV

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Dover Corporation (NYSE:DOV) by 50.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,215 shares of the industrial products company’s stock after selling 16,547 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dover were worth $3,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new position in shares of Dover in the 3rd quarter worth $25,000. Tompkins Financial Corp grew its stake in shares of Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Dover in the 4th quarter worth $34,000. Torren Management LLC purchased a new position in shares of Dover in the 4th quarter worth $45,000. Finally, N.E.W. Advisory Services LLC grew its stake in shares of Dover by 36.2% in the 4th quarter. N.E.W. Advisory Services LLC now owns 237 shares of the industrial products company’s stock worth $46,000 after buying an additional 63 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Sunday. BMO Capital Markets lifted their price target on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company raised shares of Dover from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Eight 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 target price of $238.79.

Dover Price Performance

DOV stock opened at $216.37 on Tuesday. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $215.12 and a 200 day moving average price of $209.69. The stock has a market cap of $29.14 billion, a PE ratio of 26.98, a P/E/G ratio of 1.63 and a beta of 1.17.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities research analysts anticipate that Dover Corporation will post 10.64 earnings per share for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.52 dividend. 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 payout ratio is 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.