511,661 Dover Corporation $DOV Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Dover position by 244.6% in the third quarter, acquiring 511,661 additional shares for a total of 720,866 shares valued at approximately $134.7 million.
• Dover reported quarterly EPS of $2.74, slightly above analyst 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 raised its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $237.93.

Assenagon Asset Management S.A. lifted its position in Dover Corporation (NYSE:DOV - Free Report) by 244.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 720,866 shares of the industrial products company's stock after acquiring an additional 511,661 shares during the quarter. Assenagon Asset Management S.A. owned 0.54% of Dover worth $134,696,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in Dover by 193.9% in the third quarter. State of Alaska Department of Revenue now owns 38,785 shares of the industrial products company's stock worth $6,929,000 after purchasing an additional 25,590 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Dover by 75.9% during the 3rd quarter. Mather Group LLC. now owns 5,684 shares of the industrial products company's stock worth $1,033,000 after acquiring an additional 2,452 shares during the last quarter. Godsey & Gibb Inc. lifted its stake in shares of Dover by 38,167.3% during the 3rd quarter. Godsey & Gibb Inc. now owns 172,203 shares of the industrial products company's stock worth $30,071,000 after acquiring an additional 171,753 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of Dover by 1,677.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 35,049 shares of the industrial products company's stock worth $6,144,000 after acquiring an additional 33,077 shares during the last quarter. Finally, Krilogy Financial LLC boosted its holdings in Dover by 38.4% during the 3rd quarter. Krilogy Financial LLC now owns 5,445 shares of the industrial products company's stock valued at $1,008,000 after acquiring an additional 1,512 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

Shares of DOV opened at $195.80 on Friday. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. Dover Corporation has a twelve month low of $164.73 and a twelve month high of $237.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $194.46 and a two-hundred day moving average of $207.85.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.21 billion. During the same period in the prior year, the firm posted $2.44 earnings per share. The business'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, analysts predict that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on DOV. Royal Bank Of Canada cut their price objective on Dover from $227.00 to $216.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Wells Fargo & Company initiated coverage on Dover in a research note on Thursday, September 24th. They issued an "overweight" rating and a $229.00 target price on the stock. Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Mizuho cut their price target on shares of Dover from $270.00 to $245.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Wolfe Research restated an "outperform" rating and issued a $262.00 price target on shares of Dover in a report on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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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