Dover Corporation $DOV Stake Decreased by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Dover Corporation (NYSE:DOV) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 871,567 shares of the industrial products company’s stock after selling 58,734 shares during the quarter. Legal & General Group Plc’s holdings in Dover were worth $170,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DOV. Brighton Jones LLC raised its holdings in Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 676 shares in the last quarter. Empowered Funds LLC raised its holdings in Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after purchasing an additional 1,580 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Dover during the second quarter worth approximately $488,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Dover during the second quarter worth approximately $1,030,000. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

NYSE DOV opened at $213.39 on Thursday. The stock has a market capitalization of $28.74 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.64 and a beta of 1.21. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The business’s fifty day moving average is $215.06 and its two-hundred day moving average is $207.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, research analysts forecast that Dover Corporation will post 10.62 earnings per share for the current fiscal year.

Dover Announces Dividend

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

Analyst Upgrades and Downgrades

DOV has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Barclays boosted their target price on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $252.00 target price on shares of Dover in a report on Friday, April 24th. Finally, Citigroup reissued a “buy” rating on shares of Dover in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average target price of $237.36.

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.