PFA Pension Forsikringsaktieselskab Invests $24.82 Million in Dover Corporation $DOV

PFA Pension Forsikringsaktieselskab acquired a new position in shares of Dover Corporation (NYSE:DOV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 125,475 shares of the industrial products company's stock, valued at approximately $24,816,000. PFA Pension Forsikringsaktieselskab owned 0.09% of Dover at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of Dover during the third quarter worth $25,000. Tompkins Financial Corp lifted its stake in shares of Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company's stock worth $30,000 after buying an additional 77 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Dover by 100.0% during the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company's stock worth $38,000 after buying an additional 114 shares during the period. Davis Capital Management acquired a new stake in shares of Dover during the third quarter worth $44,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Dover by 371.4% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company's stock worth $44,000 after buying an additional 208 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Dover from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Citigroup restated a "buy" rating on shares of Dover in a research report on Friday, April 24th. Robert W. Baird boosted their target price on shares of Dover from $255.00 to $279.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Oppenheimer boosted their target price on shares of Dover from $242.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dover from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $237.36.

Dover Stock Up 0.1%

DOV opened at $225.92 on Monday. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The company has a fifty day moving average of $216.25 and a two-hundred day moving average of $203.19. The stock has a market capitalization of $30.42 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.72 and a beta of 1.21.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter in the previous year, the company earned $2.05 earnings per share. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, research analysts expect that Dover Corporation will post 10.64 earnings per share for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Dover's payout ratio is presently 25.94%.

Insider Buying and Selling at Dover

In other Dover news, SVP Ivonne M. Cabrera sold 4,000 shares of Dover stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the completion of the transaction, the senior vice president owned 72,188 shares of the company's stock, valued at approximately $16,836,407.24. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard J. Tobin sold 76,997 shares of the business's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $232.70, for a total transaction of $17,917,201.90. Following the sale, the chief executive officer directly owned 217,979 shares of the company's stock, valued at $50,723,713.30. This represents a 26.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 82,497 shares of company stock valued at $19,196,277. Corporate insiders own 1.10% of the company's stock.

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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