Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Holdings in Dover Corporation $DOV

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Dover Corporation (NYSE:DOV) by 125.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,515 shares of the industrial products company’s stock after acquiring an additional 20,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dover were worth $7,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Dover by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock worth $3,266,951,000 after purchasing an additional 120,341 shares in the last quarter. State Street Corp grew its position in Dover by 3.5% in the fourth quarter. State Street Corp now owns 6,760,797 shares of the industrial products company’s stock worth $1,319,978,000 after acquiring an additional 227,436 shares during the period. Geode Capital Management LLC increased its holdings in Dover by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock valued at $684,348,000 after purchasing an additional 30,372 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Dover by 174.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock worth $562,419,000 after purchasing an additional 1,830,722 shares during the period. Finally, Nuveen LLC increased its position in shares of Dover by 9.9% during the fourth quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company’s stock worth $512,169,000 after acquiring an additional 235,454 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the subject of several analyst reports. Robert W. Baird boosted their price target on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Seaport Research Partners raised their target price on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings raised shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. Oppenheimer lifted their target price on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Barclays lifted 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. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus target price of $239.85.

Dover Stock Up 0.1%

DOV opened at $213.84 on Monday. The company has a market cap of $28.80 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.63 and a beta of 1.16. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The business’s fifty day moving average is $218.37 and its two-hundred day moving average is $214.05. 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 (NYSE:DOV) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm posted $2.05 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Analysts anticipate that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, May 29th. Dover’s dividend 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.