Livforsakringsbolaget Skandia Omsesidigt Grows Stock Position in Dover Corporation $DOV

Livforsakringsbolaget Skandia Omsesidigt grew its position in Dover Corporation (NYSE:DOV) by 5,479.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,486 shares of the industrial products company’s stock after acquiring an additional 34,850 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dover were worth $6,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC lifted its position in shares of Dover by 2.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 52 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of Dover by 1.7% in the fourth quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 54 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Dover by 2.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after acquiring an additional 56 shares in the last quarter. Mission Wealth Management LP lifted its position in shares of Dover by 0.8% in the third quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock valued at $1,250,000 after acquiring an additional 58 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Dover by 14.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 455 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their price objective on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Barclays boosted their price objective on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Finally, BMO Capital Markets boosted their price objective on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus target price of $238.79.

Dover Price Performance

DOV stock opened at $213.67 on Friday. 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 has a market capitalization of $28.77 billion, a PE ratio of 26.64, a P/E/G ratio of 1.63 and a beta of 1.17. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The business’s fifty day moving average price is $214.99 and its 200 day moving average price is $209.19.

Dover (NYSE:DOV) last released its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the firm posted $2.05 EPS. Dover’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, sell-side analysts anticipate that Dover Corporation will post 10.62 EPS for the current year.

Dover Announces Dividend

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

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.