Canada Pension Plan Investment Board Makes New $57.26 Million Investment in Dover Corporation $DOV

Key Points

• Canada Pension Plan Investment Board acquired 255,306 Dover shares worth approximately $57.26 million, representing about 0.19% of the industrial products company. Institutional investors collectively own 84.46% of Dover.
• Dover’s latest quarterly results showed adjusted EPS of $2.74, slightly exceeding estimates, while revenue rose 6.8% year over year to $2.19 billion. The company issued fiscal 2026 EPS guidance of $10.55–$10.75.
• Dover increased its quarterly dividend to $0.525 per share, or $2.10 annually, giving the stock an approximate 1.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.29, despite shares recently trading at $201.90.

Canada Pension Plan Investment Board acquired a new stake in Dover Corporation (NYSE:DOV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 255,306 shares of the industrial products company's stock, valued at approximately $57,260,000. Canada Pension Plan Investment Board owned about 0.19% of Dover as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Dover in the second quarter valued at approximately $2,347,134,000. State Street Corp lifted its position in shares of Dover by 3.5% during the 4th quarter. State Street Corp now owns 6,760,797 shares of the industrial products company's stock worth $1,319,978,000 after buying an additional 227,436 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dover by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company's stock worth $684,348,000 after buying an additional 30,372 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Dover by 5.2% in the 1st 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 in the last quarter. Finally, Nuveen LLC grew its position in shares of Dover by 9.9% in the 4th quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company's stock valued at $512,169,000 after buying an additional 235,454 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Stock Down 1.3%

DOV opened at $201.90 on Friday. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The business has a 50 day moving average price of $211.17 and a two-hundred day moving average price of $215.24. 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 company has a market cap of $27.19 billion, a PE ratio of 24.33, a P/E/G ratio of 1.55 and a beta of 1.16.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the company posted $2.44 earnings per share. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, research analysts anticipate that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Dover's previous quarterly dividend of $0.52. The ex-dividend date is Monday, August 31st. Dover's dividend payout ratio (DPR) is presently 25.06%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DOV shares. Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Royal Bank Of Canada decreased their price objective 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. Morgan Stanley lifted their target price on Dover from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 4th. 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, Weiss Ratings raised Dover from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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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