Hsbc Holdings PLC Cuts Stock Position in Dover Corporation $DOV

Hsbc Holdings PLC lessened its position in shares of Dover Corporation (NYSE:DOV) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000,020 shares of the industrial products company’s stock after selling 241,975 shares during the quarter. Hsbc Holdings PLC owned about 0.74% of Dover worth $195,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Dover by 174.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock worth $562,419,000 after acquiring an additional 1,830,722 shares during the period. First Trust Advisors LP lifted its holdings in Dover by 179.7% in the fourth quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company’s stock valued at $489,900,000 after acquiring an additional 1,612,159 shares during the period. Norges Bank purchased a new stake in Dover in the 4th quarter worth approximately $275,907,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Dover during the 4th quarter worth approximately $151,473,000. Finally, Auto Owners Insurance Co grew its stake in shares of Dover by 19,424.0% during the 4th quarter. Auto Owners Insurance Co now owns 761,436 shares of the industrial products company’s stock worth $14,866,000 after purchasing an additional 757,536 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Up 0.1%

Shares of Dover stock opened at $213.84 on Friday. The stock has a 50 day moving average of $218.37 and a 200 day moving average of $213.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The firm has a market capitalization of $28.80 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.63 and a beta of 1.16. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54.

Dover (NYSE:DOV) last posted its earnings results 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 return on equity of 18.01% and a net margin of 13.30%.The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The company’s revenue for the quarter 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, research analysts predict that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 25.94%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DOV. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Seaport Research Partners lifted 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. BMO Capital Markets upped their price objective 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 research note on Friday, April 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $252.00 target price on shares of Dover in a research report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $239.85.

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.