ABN Amro Investment Solutions Acquires 6,811 Shares of Dover Corporation $DOV

ABN Amro Investment Solutions raised its holdings in Dover Corporation (NYSE:DOV) by 162.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,014 shares of the industrial products company’s stock after buying an additional 6,811 shares during the quarter. ABN Amro Investment Solutions’ holdings in Dover were worth $2,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOV. IFP Advisors Inc lifted its position in shares of Dover by 12.0% in the 4th quarter. IFP Advisors Inc now owns 6,697 shares of the industrial products company’s stock worth $1,308,000 after purchasing an additional 718 shares during the period. Covestor Ltd increased its position in shares of Dover by 180.6% during the fourth quarter. Covestor Ltd now owns 435 shares of the industrial products company’s stock valued at $85,000 after buying an additional 280 shares during the period. Tredje AP fonden raised its stake in Dover by 5.4% in the fourth quarter. Tredje AP fonden now owns 172,043 shares of the industrial products company’s stock worth $33,590,000 after buying an additional 8,774 shares in the last quarter. Larson Financial Group LLC boosted its position in Dover by 22.6% during the 4th quarter. Larson Financial Group LLC now owns 679 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 125 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Dover by 20.1% during the fourth quarter. Handelsbanken Fonder AB now owns 66,726 shares of the industrial products company’s stock valued at $13,028,000 after purchasing an additional 11,173 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 1.1%

Shares of NYSE:DOV opened at $210.10 on Friday. The stock has a 50 day moving average of $214.58 and a 200 day moving average of $207.02. The company has a market cap of $28.29 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. 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.

Dover (NYSE:DOV) last announced its quarterly earnings data 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. The firm 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 company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, equities research analysts expect that Dover Corporation will post 10.65 EPS 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 issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays raised their price objective on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Morgan Stanley set a $210.00 target price on shares of Dover in a research note on Wednesday, February 4th. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Robert W. Baird boosted their target price on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Oppenheimer increased their price objective 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. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus target price 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.