6,359 Shares in Dover Corporation $DOV Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 6,359 shares in Dover Corporation, amounting to roughly $1,130,000, as per its recent SEC filing.
• Dover Corporation announced a quarterly dividend of $0.52 per share, representing an annualized yield of 1.2% with a payout ratio of 12.55%.
• Investment analysts have shown a positive outlook on Dover, with several firms raising their price targets, the consensus being around $213.92, indicating a strong buy position.

AG2R LA Mondiale Gestion D Actifs bought a new position in Dover Corporation (NYSE:DOV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,359 shares of the industrial products company's stock, valued at approximately $1,130,000.

A number of other large investors have also bought and sold shares of DOV. Brighton Jones LLC increased its position in Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock worth $552,000 after buying an additional 1,128 shares during the last quarter. Focus Partners Wealth grew its position in shares of Dover by 10.2% in the fourth quarter. Focus Partners Wealth now owns 6,792 shares of the industrial products company's stock valued at $1,415,000 after purchasing an additional 629 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Dover by 46.5% in the fourth quarter. Janus Henderson Group PLC now owns 28,075 shares of the industrial products company's stock valued at $5,270,000 after purchasing an additional 8,905 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Dover by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,701 shares of the industrial products company's stock valued at $2,570,000 after purchasing an additional 533 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Dover by 19.6% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 5,789 shares of the industrial products company's stock valued at $1,086,000 after purchasing an additional 948 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

Shares of Dover stock opened at $173.15 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $23.74 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.27. The business's 50-day moving average price is $181.34 and its 200-day moving average price is $178.16. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.39 by $0.05. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%.The company's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. Sell-side analysts forecast that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.52 dividend. This is a boost from Dover's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. Dover's dividend payout ratio is presently 12.55%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Citigroup reiterated a "buy" rating and issued a $226.00 price target (up from $202.00) on shares of Dover in a research report on Monday, July 14th. Wells Fargo & Company lifted their price target on Dover from $190.00 to $195.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Royal Bank Of Canada lifted their price objective on Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, Mizuho lifted their price objective on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $213.92.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.

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