Nykredit A S Takes Position in Dover Corporation $DOV

Key Points

• Nykredit A/S acquired 38,489 shares of Dover during the second quarter, valued at approximately $8.6 million. Institutional investors collectively own 84.46% of the company, with several other firms also increasing their positions.
• Analysts maintain a generally positive outlook, with Dover holding a consensus “Moderate Buy” rating and an average price target of $238.29. Ratings include upgrades from BMO Capital Markets and a higher target from Morgan Stanley, though some analysts reduced their targets.
• Dover reported quarterly EPS of $2.74, slightly above estimates, while revenue rose 6.8% year over year to $2.19 billion. The company also raised its quarterly dividend to $0.525 per share, equivalent to a 1.1% annualized yield.

Nykredit A S bought a new position in shares of Dover Corporation (NYSE:DOV - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 38,489 shares of the industrial products company's stock, valued at approximately $8,632,000.

A number of other hedge funds have also added to or reduced their stakes in DOV. Parkside Financial Bank & Trust boosted its holdings in shares of Dover by 15.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 626 shares of the industrial products company's stock worth $140,000 after buying an additional 85 shares in the last quarter. Range Advisory LLC increased its stake in shares of Dover by 8.3% in the 2nd quarter. Range Advisory LLC now owns 1,244 shares of the industrial products company's stock valued at $279,000 after acquiring an additional 95 shares in the last quarter. Principia Wealth Advisory LLC increased its stake in shares of Dover by 3,050.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 252 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 244 shares in the last quarter. Amundi lifted its position in shares of Dover by 36.8% during the 2nd quarter. Amundi now owns 933,295 shares of the industrial products company's stock valued at $209,319,000 after acquiring an additional 250,875 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Dover by 33.7% during the second quarter. HighTower Advisors LLC now owns 230,907 shares of the industrial products company's stock worth $51,788,000 after acquiring an additional 58,145 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DOV shares. Morgan Stanley raised their price target on shares of Dover from $210.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, June 4th. BMO Capital Markets raised shares of Dover from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Robert W. Baird set a $270.00 target price on Dover in a research note on Friday, July 24th. Royal Bank Of Canada decreased their target price 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, Weiss Ratings downgraded Dover from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 2nd. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $238.29.

Dover Stock Up 0.1%

Dover stock opened at $187.52 on Monday. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The stock has a market cap of $25.26 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 1.42 and a beta of 1.15. The firm's 50-day simple moving average is $201.86 and its 200 day simple moving average is $210.84. 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 (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping 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 company had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same period in the previous year, the business posted $2.44 EPS. The business'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. Research analysts predict that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $0.525 dividend. The ex-dividend date was Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. This is an increase from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio (DPR) is presently 25.30%.

About Dover

Dover Corporation is a diversified global manufacturer that designs and produces specialized equipment, components and systems for industrial and commercial customers. Its businesses serve markets including energy, transportation, food and beverage, refrigeration, manufacturing, printing and packaging.

The company's products and solutions include pumps, compressors, fluid-handling equipment, fueling and vehicle-service systems, refrigeration and heat-transfer technologies, industrial winches, digital printing and coding equipment, and systems used in textile and product identification applications.

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