3,968 Shares in Dover Corporation $DOV Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new stake in Dover Corporation (NYSE:DOV) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 3,968 shares of the industrial products company’s stock, valued at approximately $824,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Dover by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock valued at $2,526,000 after buying an additional 676 shares during the period. Empowered Funds LLC grew its position in shares of Dover by 11.8% during the 1st quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock valued at $2,636,000 after buying an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Dover during the second quarter worth about $488,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Dover in the second quarter worth about $1,030,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV stock opened at $211.30 on Wednesday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. The firm has a market capitalization of $28.45 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The business has a 50 day simple moving average of $215.98 and a 200 day simple moving average of $215.36.

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 analysts’ consensus estimates 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 analyst estimates of $2.19 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The firm’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. On average, equities research analysts anticipate that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 25.94%.

Analysts Set New Price Targets

DOV has been the subject of several recent research reports. Oppenheimer upped their target price on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Morgan Stanley raised their price target on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Royal Bank Of Canada restated a “sector perform” rating and set a $252.00 price objective on shares of Dover in a research note on Friday, April 24th. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 target price on shares of Dover in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average price target of $241.43.

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.