Amundi Has $209.32 Million Stock Holdings in Dover Corporation $DOV

Amundi grew its stake in shares of Dover Corporation (NYSE:DOV - Free Report) by 36.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 933,295 shares of the industrial products company's stock after acquiring an additional 250,875 shares during the quarter. Amundi owned about 0.69% of Dover worth $209,319,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. California State Teachers Retirement System grew its position in Dover by 17,645.5% during the 2nd quarter. California State Teachers Retirement System now owns 39,632,967 shares of the industrial products company's stock worth $8,888,882,000 after acquiring an additional 39,409,626 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Dover during the second quarter valued at about $2,347,134,000. State Street Corp grew its holdings in shares of Dover by 3.5% during the fourth quarter. State Street Corp now owns 6,760,797 shares of the industrial products company's stock worth $1,319,978,000 after purchasing an additional 227,436 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dover by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company's stock valued at $684,348,000 after buying an additional 30,372 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Dover by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company's stock valued at $631,806,000 after buying an additional 150,319 shares during the period. Institutional investors own 84.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Wolfe Research restated an "outperform" rating and issued a $262.00 price target on shares of Dover in a research report on Thursday, July 9th. Morgan Stanley raised their price target on shares of Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, June 4th. Royal Bank Of Canada cut their price target on shares of Dover from $252.00 to $227.00 and set a "sector perform" rating on the stock in a report on Friday, July 24th. Finally, BMO Capital Markets raised shares of Dover from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $238.29.

Dover Trading Up 0.9%

NYSE DOV opened at $194.69 on Wednesday. The stock has a market capitalization of $26.22 billion, a P/E ratio of 23.46, a P/E/G ratio of 1.46 and a beta of 1.15. The business has a 50 day simple moving average of $205.89 and a 200 day simple moving average of $213.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. Dover Corporation has a one year low of $158.97 and a one year high of $237.54.

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, beating the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company's revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts expect that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.525 dividend. The ex-dividend date is Monday, August 31st. This is an increase from Dover's previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 1.1%. Dover's dividend payout ratio is currently 25.30%.

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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