Handelsbanken Fonder AB Has $12.57 Million Position in Dover Corporation $DOV

Key Points

• Handelsbanken Fonder reduced its Dover stake by 8.5% in the second quarter, selling 5,181 shares and retaining 56,066 shares valued at approximately $12.57 million. Institutional investors collectively own 84.46% of Dover.
• Dover reported quarterly EPS of $2.74, slightly above estimates, while revenue rose 6.8% year over year to $2.19 billion. The company guided to fiscal 2026 EPS of $10.55–$10.75.
• Dover increased its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.29, versus a recent share price of $206.70.

Handelsbanken Fonder AB lessened its stake in Dover Corporation (NYSE:DOV - Free Report) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,066 shares of the industrial products company's stock after selling 5,181 shares during the period. Handelsbanken Fonder AB's holdings in Dover were worth $12,574,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Valeo Financial Advisors LLC boosted its holdings in Dover by 9.3% in the second quarter. Valeo Financial Advisors LLC now owns 1,296 shares of the industrial products company's stock valued at $291,000 after acquiring an additional 110 shares during the last quarter. Gradient Investments LLC lifted its position in shares of Dover by 10.6% in the 2nd quarter. Gradient Investments LLC now owns 13,018 shares of the industrial products company's stock worth $2,920,000 after purchasing an additional 1,249 shares during the period. Czech National Bank boosted its stake in shares of Dover by 4.4% in the 2nd quarter. Czech National Bank now owns 38,330 shares of the industrial products company's stock valued at $8,597,000 after purchasing an additional 1,600 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in shares of Dover by 11.6% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 23,100 shares of the industrial products company's stock valued at $5,181,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Dover by 165.6% during the second quarter. Assenagon Asset Management S.A. now owns 209,205 shares of the industrial products company's stock worth $46,920,000 after buying an additional 130,433 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Down 0.7%

Shares of NYSE:DOV opened at $206.70 on Friday. 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 52-week low of $158.97 and a 52-week high of $237.54. The business's 50 day simple moving average is $214.30 and its two-hundred day simple moving average is $215.74. The firm has a market cap of $27.84 billion, a P/E ratio of 24.90, a PEG ratio of 1.58 and a beta of 1.16.

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

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.525 per share. The ex-dividend date is Monday, August 31st. This is a positive change from Dover's previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 1.0%. Dover's dividend payout ratio is currently 25.06%.

Wall Street Analyst Weigh In

DOV has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, June 4th. Barclays increased their price target on Dover from $206.00 to $230.00 and gave the stock an "equal weight" rating in a report on Friday, April 24th. Robert W. Baird set a $270.00 price objective on Dover in a research note on Friday, July 24th. Oppenheimer upped their target price on Dover from $242.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Finally, Seaport Research Partners lifted their target price on Dover from $245.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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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