Alyeska Investment Group L.P. Has $72.27 Million Stock Holdings in Dover Corporation $DOV

Key Points

• Alyeska Investment Group increased its Dover stake by 27.3% in the second quarter, holding 322,236 shares valued at approximately $72.27 million. Institutional investors and hedge funds own 84.46% of Dover’s outstanding stock.
• Dover reported quarterly earnings of $2.74 per share, slightly above estimates, while revenue rose 6.8% year over year to $2.19 billion. The company projects fiscal 2026 EPS 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 rating with an average price target of $238.29.

Alyeska Investment Group L.P. increased its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 27.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 322,236 shares of the industrial products company's stock after buying an additional 69,008 shares during the quarter. Alyeska Investment Group L.P. owned about 0.24% of Dover worth $72,271,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Greenleaf Trust increased its position in shares of Dover by 2.2% during the second quarter. Greenleaf Trust now owns 5,811 shares of the industrial products company's stock valued at $1,303,000 after acquiring an additional 127 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Dover by 2.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,469 shares of the industrial products company's stock valued at $217,433,000 after acquiring an additional 20,590 shares during the period. Mufg Securities Americas Inc. lifted its holdings in Dover by 8.7% during the 2nd quarter. Mufg Securities Americas Inc. now owns 4,056 shares of the industrial products company's stock worth $910,000 after purchasing an additional 324 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Dover in the second quarter valued at approximately $4,823,000. Finally, Hsbc Holdings PLC boosted its holdings in Dover by 5.0% in the 2nd quarter. Hsbc Holdings PLC now owns 941,695 shares of the industrial products company's stock valued at $211,269,000 after purchasing an additional 44,854 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

NYSE:DOV opened at $198.54 on Monday. The stock 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. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The stock has a 50-day moving average price of $210.67 and a 200 day moving average price of $215.06.

Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.21 billion. During the same period last year, the company posted $2.44 earnings per share. 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. Equities research analysts forecast that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company 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 dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio is presently 25.06%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DOV shares. Morgan Stanley upped their target price on shares of Dover from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 4th. Robert W. Baird set a $270.00 price target on shares of Dover in a report on Friday, July 24th. Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Wolfe Research restated an "outperform" rating and issued a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada decreased their target price on shares of Dover from $252.00 to $227.00 and set a "sector perform" rating for the company in a research note on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and an average price target of $238.29.

About Dover

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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