Employees Provident Fund Board Acquires New Position in Dover Corporation $DOV

Employees Provident Fund Board purchased a new position in Dover Corporation (NYSE:DOV) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 242,479 shares of the industrial products company’s stock, valued at approximately $47,342,000. Employees Provident Fund Board owned about 0.18% of Dover as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Dover in the 3rd quarter valued at $25,000. Meeder Asset Management Inc. raised its position in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after buying an additional 89 shares during the last quarter. Reflection Asset Management acquired a new stake in shares of Dover in the fourth quarter valued at approximately $26,000. MV Capital Management Inc. acquired a new stake in Dover in the 4th quarter valued at $29,000. Finally, Tompkins Financial Corp raised its holdings in 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. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DOV. BMO Capital Markets upped their price target on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Citigroup reissued a “buy” rating on shares of Dover in a report on Friday, April 24th. Oppenheimer boosted 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $229.00 target price on shares of Dover in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.85.

Dover Stock Up 0.0%

Shares of DOV opened at $223.64 on Friday. The stock’s 50-day moving average price is $217.43 and its two-hundred day moving average price is $211.82. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The company has a market capitalization of $30.12 billion, a PE ratio of 27.89, a PEG ratio of 1.70 and a beta of 1.17. 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 released its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.19 billion. During the same quarter last year, the business earned $2.05 EPS. The company’s 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. On average, analysts anticipate that Dover Corporation will post 10.65 EPS for the current year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors 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 0.9%. Dover’s dividend payout ratio (DPR) is currently 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.