Fideuram Asset Management Ireland dac Purchases Shares of 4,776 Dover Corporation $DOV

Fideuram Asset Management Ireland dac purchased a new stake in shares of Dover Corporation (NYSE:DOV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,776 shares of the industrial products company’s stock, valued at approximately $933,000.

A number of other institutional investors have also bought and sold shares of DOV. Diamond Hill Capital Management Inc. bought a new stake in Dover during the fourth quarter valued at $151,473,000. AQR Capital Management LLC boosted its position in Dover by 912.9% during the second quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company’s stock valued at $144,572,000 after acquiring an additional 711,471 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Dover by 65.2% during the third quarter. Qube Research & Technologies Ltd now owns 1,317,787 shares of the industrial products company’s stock valued at $219,846,000 after acquiring an additional 520,211 shares during the last quarter. Wellington Management Group LLP boosted its position in Dover by 16.1% during the third quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock valued at $355,458,000 after acquiring an additional 294,856 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in Dover by 667.2% during the third quarter. Voloridge Investment Management LLC now owns 327,155 shares of the industrial products company’s stock valued at $54,579,000 after acquiring an additional 284,514 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE DOV opened at $211.35 on Friday. The firm’s 50-day moving average price is $215.02 and its 200-day moving average price is $208.20. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The firm has a market capitalization of $28.46 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.61 and a beta of 1.21. 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 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 for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Equities research analysts anticipate that Dover Corporation will post 10.62 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Dover’s dividend payout ratio is currently 25.94%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Barclays upped their price objective on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Oppenheimer upped their price objective on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Seaport Research Partners upped their price objective on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.36.

Dover 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.