14,624 Dover Corporation $DOV Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in shares of Dover Corporation (NYSE:DOV) by 208,914.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,631 shares of the industrial products company’s stock after purchasing an additional 14,624 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Dover were worth $2,555,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Dover during the 2nd quarter worth approximately $2,347,134,000. Bank of New York Mellon Corp increased its position in Dover by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock worth $631,806,000 after buying an additional 150,319 shares during the period. Bank of America Corp DE acquired a new position in Dover during the second quarter worth approximately $625,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Dover by 2.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 969,469 shares of the industrial products company’s stock worth $217,433,000 after buying an additional 20,590 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Dover in the second quarter valued at approximately $211,269,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DOV shares. Robert W. Baird set a $270.00 price objective on Dover in a report on Friday, July 24th. Wells Fargo & Company started coverage on shares of Dover in a report on Thursday, September 24th. They issued an “overweight” rating and a $229.00 target price on the stock. BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Royal Bank Of Canada decreased their price target on shares of Dover from $227.00 to $216.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 14th. Finally, Wolfe Research reiterated an “outperform” rating and set a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $237.93.

Dover Stock Up 0.9%

Dover stock opened at $197.11 on Wednesday. Dover Corporation has a twelve month low of $167.34 and a twelve month high of $237.54. The stock has a 50 day moving average of $193.93 and a two-hundred day moving average of $207.72. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $26.55 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.71 and a beta of 1.13.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, research analysts expect that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.5250 per share. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. Dover’s dividend payout ratio is 25.30%.

Dover Company Profile

Dover Corporation (NYSE: DOV) is a diversified manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including fluid handling, equipment manufacturing, clean energy, fueling, refrigeration, heating and cooling, printing, and vehicle service.

The company’s products include pumps, compressors, controls, dispensing and fueling equipment, refrigeration systems, heat-transfer technologies, industrial machinery, vehicle lifts and service equipment, and components used in engineered industrial applications.