Andra AP fonden Boosts Stock Position in Dover Corporation $DOV

Andra AP fonden increased its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 58.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,089 shares of the industrial products company's stock after acquiring an additional 9,300 shares during the quarter. Andra AP fonden's holdings in Dover were worth $5,627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Callan Family Office LLC acquired a new position in Dover during the second quarter valued at $702,000. Northwestern Mutual Wealth Management Co. grew its stake in 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 valued at $42,845,000 after acquiring an additional 7,396 shares during the period. Independent Financial Group LLC purchased a new stake in Dover in the 1st quarter worth $1,367,000. E. Ohman J or Asset Management AB increased its holdings in Dover by 3,177.2% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 146,949 shares of the industrial products company's stock worth $32,958,000 after acquiring an additional 142,465 shares in the last quarter. Finally, Regents Gate Capital LLP acquired a new position in Dover during the first quarter worth $8,505,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Up 1.4%

NYSE DOV opened at $189.19 on Thursday. 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 firm has a market cap of $25.48 billion, a PE ratio of 22.79, a P/E/G ratio of 1.42 and a beta of 1.15. The business's fifty day simple moving average is $200.28 and its 200-day simple moving average is $210.16. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating analysts' consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities analysts anticipate that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, August 31st. This is a positive change from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio (DPR) is 25.30%.

Analyst Upgrades and Downgrades

DOV has been the subject of a number of research reports. Robert W. Baird set a $270.00 target price on shares of Dover in a research note on Friday, July 24th. Wolfe Research reiterated an "outperform" rating and issued a $262.00 price objective on shares of Dover in a report on Thursday, July 9th. Weiss Ratings lowered Dover from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 2nd. BMO Capital Markets raised Dover from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $255.00 to $240.00 in a report on Friday, July 24th. Finally, Wall Street Zen downgraded Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and an average price target of $238.29.

Dover Profile

Dover Corporation is a diversified global manufacturer that designs and produces specialized equipment, components and systems for industrial and commercial customers. Its businesses serve markets including energy, transportation, food and beverage, refrigeration, manufacturing, printing and packaging.

The company's products and solutions include pumps, compressors, fluid-handling equipment, fueling and vehicle-service systems, refrigeration and heat-transfer technologies, industrial winches, digital printing and coding equipment, and systems used in textile and product identification applications.

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