22,033 Shares in Dover Corporation $DOV Acquired by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management acquired 22,033 Dover shares in the second quarter, valued at approximately $4.94 million. Institutional investors collectively own 84.46% of Dover’s outstanding stock.
• Dover reported quarterly EPS of $2.74, slightly exceeding estimates, while revenue rose 6.8% year over year to $2.19 billion. The company issued fiscal 2026 EPS guidance of $10.55–$10.75.
• Dover increased its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $238.29.

Rakuten Investment Management Inc. acquired a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 22,033 shares of the industrial products company's stock, valued at approximately $4,935,000.

Several other hedge funds have also recently modified their holdings of the stock. Callan Family Office LLC bought a new stake in Dover in the second quarter worth $702,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dover by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company's stock worth $42,845,000 after buying an additional 7,396 shares during the last quarter. Leeward Investments LLC MA raised its position in shares of Dover by 22.2% during the 4th quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company's stock valued at $11,160,000 after buying an additional 10,377 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Dover in the 1st quarter valued at about $1,367,000. Finally, Tredje AP fonden increased its stake in Dover by 5.4% during the fourth quarter. Tredje AP fonden now owns 172,043 shares of the industrial products company's stock worth $33,590,000 after acquiring an additional 8,774 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Price Performance

Shares of DOV stock opened at $198.54 on Friday. The stock has a 50 day moving average price of $210.67 and a 200 day moving average price of $215.13. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The firm has a market capitalization of $26.74 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.51 and a beta of 1.16.

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

Dover Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.1%. This is a boost from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is 25.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised Dover from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Wall Street Zen downgraded Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings upgraded Dover from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 4th. Morgan Stanley raised their price target on Dover from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 4th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $262.00 price objective on shares of Dover in a research note on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $238.29.

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.

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