Nissay Asset Management Corp Japan Reduces Stock Position in Dover Corporation $DOV

Nissay Asset Management Corp Japan lessened its stake in Dover Corporation (NYSE:DOV - Free Report) by 38.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,660 shares of the industrial products company's stock after selling 11,617 shares during the quarter. Nissay Asset Management Corp Japan's holdings in Dover were worth $4,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC acquired a new position in Dover in the 2nd quarter valued at about $702,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dover by 3.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company's stock worth $42,845,000 after buying an additional 7,396 shares during the last quarter. Leeward Investments LLC MA increased its holdings in shares of Dover by 22.2% during the 4th quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company's stock worth $11,160,000 after buying an additional 10,377 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of Dover during the 1st quarter valued at approximately $1,367,000. Finally, Tredje AP fonden lifted its holdings in Dover by 5.4% in the fourth quarter. Tredje AP fonden now owns 172,043 shares of the industrial products company's stock valued at $33,590,000 after acquiring an additional 8,774 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Down 0.1%

Shares of NYSE DOV opened at $198.54 on Monday. The firm has a market cap of $26.74 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.51 and a beta of 1.16. The company has a quick ratio of 1.41, a current ratio of 1.98 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. The business's 50 day moving average is $210.67 and its two-hundred day moving average is $215.06.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping 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 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 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. Research analysts predict that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on DOV shares. Weiss Ratings upgraded Dover from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 4th. Morgan Stanley upped their price target on Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, June 4th. Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Royal Bank Of Canada cut their price objective on Dover from $252.00 to $227.00 and set a "sector perform" rating for the company in a research report on Friday, July 24th. Finally, Wolfe Research restated an "outperform" rating and issued a $262.00 price objective on shares of Dover in a report on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus 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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