6,900 Shares in Dover Corporation $DOV Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Dover Corporation (NYSE:DOV) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,900 shares of the industrial products company’s stock, valued at approximately $1,438,000.

A number of other large investors have also recently modified their holdings of the business. Financial Life Planners bought a new stake in Dover during the third quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its position in shares of Dover by 234.2% during 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 in the last quarter. Reflection Asset Management bought a new stake in shares of Dover during the 4th quarter worth $26,000. MV Capital Management Inc. purchased a new position in Dover in the fourth quarter worth $29,000. Finally, Tompkins Financial Corp increased its stake in Dover by 102.7% in the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DOV. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 price target on shares of Dover in a research note on Friday, April 24th. Barclays lifted their price target on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. BMO Capital Markets lifted their target price 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. Finally, Morgan Stanley upped their price target on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

Dover Trading Down 1.5%

NYSE:DOV opened at $213.84 on Friday. The firm has a market capitalization of $28.80 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.65 and a beta of 1.16. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $218.43 and a 200 day moving average of $213.96. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54.

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. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, research analysts predict that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.52 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. 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.