Hsbc Holdings PLC Raises Holdings in Dover Corporation $DOV

Key Points

• Hsbc Holdings PLC increased its Dover stake by 5% in the second quarter, adding 44,854 shares to own 941,695 shares valued at approximately $211.3 million. Institutional investors collectively own 84.46% of Dover.
• Dover’s latest quarterly results showed adjusted earnings of $2.74 per share, slightly ahead of estimates, while revenue rose 6.8% year over year to $2.19 billion, narrowly below expectations. The company guided to fiscal 2026 EPS of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.29, despite the stock trading at $192.70.

Hsbc Holdings PLC boosted its position in Dover Corporation (NYSE:DOV - Free Report) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 941,695 shares of the industrial products company's stock after acquiring an additional 44,854 shares during the quarter. Hsbc Holdings PLC owned 0.70% of Dover worth $211,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DOV. BlackRock Inc. purchased a new stake in shares of Dover during the 2nd quarter worth about $2,347,134,000. Bank of America Corp DE purchased a new position in Dover in the second quarter valued at approximately $625,375,000. Bank of New York Mellon Corp acquired a new position in Dover during the second quarter valued at approximately $591,207,000. First Trust Advisors LP lifted its position in Dover by 179.7% during the fourth quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company's stock valued at $489,900,000 after buying an additional 1,612,159 shares in the last quarter. Finally, Norges Bank purchased a new stake in Dover during the fourth quarter worth approximately $275,907,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Trading Down 0.1%

NYSE DOV opened at $192.70 on Monday. The stock has a market cap of $25.95 billion, a P/E ratio of 23.22, a PEG ratio of 1.46 and a beta of 1.15. The company's fifty day simple moving average is $207.11 and its 200-day simple moving average is $213.65. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. 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 released its quarterly earnings results 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. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the business earned $2.44 EPS. The business's revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities research analysts predict that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Dover's previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. Dover's dividend payout ratio is presently 25.30%.

Analyst Ratings Changes

A number of brokerages have recently commented on DOV. Royal Bank Of Canada cut their target price on shares of Dover from $252.00 to $227.00 and set a "sector perform" rating on the stock in a research note on Friday, July 24th. Weiss Ratings cut shares of Dover from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday. BMO Capital Markets upgraded Dover from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $255.00 to $240.00 in a report on Friday, July 24th. Morgan Stanley raised their price objective on Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, June 4th. Finally, Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Ten equities 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $238.29.

Dover Company 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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