National Pension Service Buys 10,194 Shares of Dover Corporation $DOV

National Pension Service lifted its stake in shares of Dover Corporation (NYSE:DOV) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,310 shares of the industrial products company’s stock after acquiring an additional 10,194 shares during the period. National Pension Service owned approximately 0.19% of Dover worth $50,042,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DOV. Financial Life Planners bought a new stake in shares of Dover during the third quarter worth $25,000. Tompkins Financial Corp increased its position in shares of Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Leonteq Securities AG bought a new position in Dover in the fourth quarter valued at $34,000. Westside Investment Management Inc. grew its position in Dover by 100.0% in the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 114 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position in Dover by 371.4% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DOV shares. Weiss Ratings downgraded shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Oppenheimer raised their target price 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. Robert W. Baird raised their target price on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Seaport Research Partners raised their target price on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $237.36.

Dover Stock Performance

Shares of DOV opened at $211.35 on Monday. The firm has a 50-day moving average of $215.02 and a 200-day moving average of $208.38. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company has a market cap of $28.46 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm posted $2.05 EPS. The company’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. As a group, equities analysts forecast that Dover Corporation will post 10.62 earnings per share for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given 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 of this dividend is Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

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.