Swiss Life Asset Management Ltd Buys 4,384 Shares of Dover Corporation $DOV

Swiss Life Asset Management Ltd boosted its stake in shares of Dover Corporation (NYSE:DOV) by 7.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 62,066 shares of the industrial products company’s stock after purchasing an additional 4,384 shares during the period. Swiss Life Asset Management Ltd’s holdings in Dover were worth $12,118,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in DOV. Financial Life Planners bought a new position in Dover during the third quarter valued at about $25,000. Tompkins Financial Corp grew its position in Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after buying an additional 77 shares during the period. Westside Investment Management Inc. grew its position in Dover by 100.0% during the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after buying an additional 114 shares during the period. Cornerstone Planning Group LLC grew its position in Dover by 371.4% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock valued at $44,000 after buying an additional 208 shares during the period. Finally, Torren Management LLC purchased a new stake in Dover during the fourth quarter valued at about $45,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $224.00 price objective on shares of Dover in a report on Saturday, January 31st. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 price objective on shares of Dover in a report on Friday, April 24th. BMO Capital Markets upped their price objective on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Dover in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average target price of $237.36.

Dover Trading Down 1.5%

Shares of Dover stock opened at $216.77 on Wednesday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a market cap of $29.19 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.67 and a beta of 1.21. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $215.33 and its 200-day moving average price is $205.47.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The company’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, equities analysts expect that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio is presently 25.94%.

Insider Transactions at Dover

In other news, CEO Richard J. Tobin sold 76,997 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $232.70, for a total value of $17,917,201.90. Following the sale, the chief executive officer directly owned 217,979 shares of the company’s stock, valued at approximately $50,723,713.30. This represents a 26.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total transaction of $932,920.00. Following the completion of the sale, the senior vice president directly owned 72,188 shares in the company, valued at approximately $16,836,407.24. The trade was a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

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.