15,860 Dover Corporation $DOV Shares Bought by Vontobel Holding Ltd.

Key Points

• Vontobel Holding nearly doubled its Dover position in the third quarter, buying 15,860 additional shares and bringing its total holdings to 31,902 shares valued at approximately $5.8 million.
• Institutional ownership remains high at 84.46%, with major firms including BlackRock, Bank of America, Bank of New York Mellon, HSBC, and Legal & General establishing or expanding positions.
• Dover exceeded quarterly EPS expectations, raised its dividend to $0.525 per share, and received a consensus “Moderate Buy” rating with an average analyst price target of $237.93.

Vontobel Holding Ltd. increased its holdings in shares of Dover Corporation (NYSE:DOV - Free Report) by 98.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,902 shares of the industrial products company's stock after acquiring an additional 15,860 shares during the quarter. Vontobel Holding Ltd.'s holdings in Dover were worth $5,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in Dover during the second quarter valued at about $2,347,134,000. Bank of America Corp DE purchased a new stake in Dover during the second quarter worth about $625,375,000. Bank of New York Mellon Corp bought a new stake in Dover in the second quarter worth about $591,207,000. Hsbc Holdings PLC bought a new stake in Dover in the second quarter worth about $211,269,000. Finally, Legal & General Group Plc bought a new stake in Dover in the second quarter worth about $183,574,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Up 0.9%

DOV stock opened at $195.80 on Friday. The stock has a fifty day moving average of $194.46 and a 200-day moving average of $207.85. Dover Corporation has a fifty-two week low of $164.73 and a fifty-two week high of $237.54. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 1.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%. The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same period in the previous year, the business posted $2.44 EPS. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities research analysts predict that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.5250 dividend. The ex-dividend date was Monday, August 31st. This is a positive change from Dover's previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. Dover's dividend payout ratio is 25.30%.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research analyst reports. BMO Capital Markets upgraded shares of Dover from a "market perform" rating to an "outperform" rating and dropped their target price for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Wolfe Research restated an "outperform" rating and set a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Wells Fargo & Company assumed coverage on shares of Dover in a research note on Thursday, September 24th. They set an "overweight" rating and a $229.00 price target for the company. Weiss Ratings cut shares of Dover from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen downgraded Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $237.93.

Dover Profile

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company's products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.

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