Northwestern Mutual Wealth Management Co. Buys 7,396 Shares of Dover Corporation $DOV

Northwestern Mutual Wealth Management Co. increased its stake in shares of Dover Corporation (NYSE:DOV) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 219,445 shares of the industrial products company’s stock after buying an additional 7,396 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dover were worth $42,845,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Life Planners bought a new stake in shares of Dover during the 3rd quarter worth about $25,000. Tompkins Financial Corp boosted its holdings in shares of Dover by 102.7% during the 4th 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. Leonteq Securities AG bought a new stake in shares of Dover during the 4th quarter worth about $34,000. Westside Investment Management Inc. boosted its holdings in shares of Dover by 100.0% during the 3rd 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. Finally, Torren Management LLC bought a new stake in shares of Dover during the 4th quarter worth about $45,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the subject of several research analyst reports. Barclays lifted their target price on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Wells Fargo & Company raised shares of Dover from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $210.00 to $230.00 in a report on Tuesday, March 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 target price on shares of Dover in a report on Friday, April 24th. Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.36.

Dover Price Performance

Shares of Dover stock opened at $211.35 on Friday. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $215.02 and a two-hundred day simple moving average of $208.20. The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.21.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business 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 EPS. The business’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. Analysts forecast that Dover Corporation will post 10.62 EPS for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.52 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s payout ratio is 25.94%.

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.