Graham Capital Management L.P. Invests $3.69 Million in Dover Corporation $DOV

Graham Capital Management L.P. acquired a new position in Dover Corporation (NYSE:DOV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,900 shares of the industrial products company’s stock, valued at approximately $3,690,000.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Dover in the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its stake in shares of Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 89 shares during the period. Tompkins Financial Corp lifted its stake in shares of Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares during the period. Leonteq Securities AG purchased a new stake in Dover in the 4th quarter worth approximately $34,000. Finally, Torren Management LLC purchased a new stake in Dover in the 4th quarter worth approximately $45,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 1.0%

Shares of DOV opened at $222.82 on Wednesday. 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 company has a 50 day simple moving average of $216.70 and a two-hundred day simple moving average of $211.22. The firm has a market cap of $30.01 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) 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 business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $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. On average, equities analysts expect that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price 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. Barclays increased 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. BMO Capital Markets increased their target price 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. Robert W. Baird increased their target price on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $252.00 target price on shares of Dover in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.85.

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.