Assenagon Asset Management S.A. Purchases 130,433 Shares of Dover Corporation $DOV

Key Points

• Assenagon Asset Management increased its Dover stake by 165.6% in the second quarter, purchasing 130,433 shares to own 209,205 shares worth approximately $46.9 million. Institutional investors collectively hold 84.46% of Dover’s stock.
• Dover reported quarterly EPS of $2.74, slightly above the $2.72 consensus, while revenue of $2.19 billion fell short of expectations but increased 6.8% year over year. The company guided to fiscal 2026 EPS of $10.55–$10.75.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $238.29 versus a recent share price near $211. Dover also raised its quarterly dividend to $0.525 per share.

Assenagon Asset Management S.A. increased its holdings in Dover Corporation (NYSE:DOV - Free Report) by 165.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 209,205 shares of the industrial products company's stock after purchasing an additional 130,433 shares during the period. Assenagon Asset Management S.A. owned approximately 0.16% of Dover worth $46,920,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Balefire LLC purchased a new stake in shares of Dover during the 2nd quarter valued at about $531,000. GAMMA Investing LLC raised its position in Dover by 6.4% during the second quarter. GAMMA Investing LLC now owns 7,850 shares of the industrial products company's stock valued at $1,761,000 after purchasing an additional 472 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in shares of Dover in the 2nd quarter valued at approximately $490,000. Redwood Investment Management LLC purchased a new position in shares of Dover in the 1st quarter worth approximately $1,050,000. Finally, Sapient Capital LLC purchased a new position in shares of Dover in the 1st quarter worth approximately $537,000. Institutional investors own 84.46% of the company's stock.

Dover Stock Performance

Dover stock opened at $210.95 on Friday. The company has a 50 day moving average price of $214.58 and a 200-day moving average price of $215.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The company has a market capitalization of $28.41 billion, a PE ratio of 25.42, a P/E/G ratio of 1.61 and a beta of 1.16.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion for 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%.Dover's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities analysts forecast that Dover Corporation will post 10.65 earnings per share for the current year.

Trending Headlines about Dover

Here are the key news stories impacting Dover this week:

• Positive Sentiment: Dover raised its quarterly cash dividend to $0.525 per share from $0.52, an increase of $0.005. The new annualized payout is $2.10 per share, signaling continued confidence in cash generation and providing a modest boost for income-oriented investors. Dover Increases Dividend
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $10.59 from $10.55 and its FY2027 forecast to $11.19 from $11.12. It also lifted estimates for each quarter of FY2027, indicating expectations for somewhat stronger near-term operating performance. Dover earnings estimate revisions
• Positive Sentiment: Longer-term expectations also improved: Zacks raised its FY2028 EPS forecast to $11.73 from $11.63, with increases to its Q1 and Q2 2028 estimates. The revisions reinforce a constructive earnings outlook, although the changes are relatively small. Dover long-term earnings estimates
• Neutral Sentiment: Dover recently reported quarterly EPS of $2.74, slightly ahead of estimates, while revenue of $2.19 billion was below consensus. At a price near $211, the stock trades at approximately 25 times earnings and below its 50-day and 200-day moving averages, which may limit the immediate upside despite the favorable dividend and earnings updates.

Analysts Set New Price Targets

Several analysts recently weighed in on DOV shares. Morgan Stanley increased their price target on Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, June 4th. Robert W. Baird set a $270.00 price objective on shares of Dover in a research note on Friday, July 24th. Wolfe Research reiterated an "outperform" rating and set a $262.00 price objective on shares of Dover in a research report on Thursday, July 9th. BMO Capital Markets raised shares of Dover from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Finally, Seaport Research Partners increased their price objective on shares of Dover from $245.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $238.29.

Dover Profile

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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