Dover Corporation $DOV Shares Purchased by Tobam

Tobam boosted its position in Dover Corporation (NYSE:DOV) by 630.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,214 shares of the industrial products company’s stock after acquiring an additional 4,500 shares during the period. Tobam’s holdings in Dover were worth $1,018,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DOV. Orion Porfolio Solutions LLC grew its position in shares of Dover by 0.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after purchasing an additional 51 shares during the period. Frank Rimerman Advisors LLC lifted its position in Dover by 2.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after buying an additional 52 shares during the period. KCM Investment Advisors LLC boosted its stake in Dover by 3.5% in the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after buying an additional 53 shares during the last quarter. Tectonic Advisors LLC boosted its stake in Dover by 1.7% in the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after buying an additional 54 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

NYSE DOV opened at $223.64 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The firm has a market capitalization of $30.12 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.70 and a beta of 1.17. The business’s 50-day simple moving average is $217.43 and its 200-day simple moving average is $211.82.

Dover (NYSE:DOV) last posted its 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 during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The company’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. Equities analysts predict that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. Dover’s dividend payout ratio is presently 25.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DOV shares. BMO Capital Markets increased their price objective on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Morgan Stanley boosted their target price on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $252.00 price target on shares of Dover in a research report on Friday, April 24th. Robert W. Baird increased their price target on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Oppenheimer lifted their price target on shares of Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average target price of $239.85.

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.