Varma Mutual Pension Insurance Co Makes New Investment in Dover Corporation $DOV

Varma Mutual Pension Insurance Co acquired a new stake in Dover Corporation (NYSE:DOV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 82,388 shares of the industrial products company’s stock, valued at approximately $18,478,000. Varma Mutual Pension Insurance Co owned 0.06% of Dover at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DOV. Meeder Asset Management Inc. grew its stake in shares of Dover by 234.2% in the fourth 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 last quarter. Reflection Asset Management bought a new position in Dover during the 4th quarter valued at approximately $26,000. MV Capital Management Inc. bought a new position in Dover during the 4th quarter valued at approximately $29,000. Clearstead Trust LLC purchased a new stake in Dover in the 2nd quarter worth approximately $30,000. Finally, Financial Life Planners bought a new stake in shares of Dover in the 1st quarter worth approximately $31,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOV has been the topic of several research analyst reports. Weiss Ratings raised Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. Wolfe Research reaffirmed an “outperform” rating and issued a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Royal Bank Of Canada cut their price target on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Seaport Research Partners boosted their price objective on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Price Performance

Shares of DOV opened at $201.96 on Friday. The stock has a market cap of $27.20 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The firm’s 50-day simple moving average is $212.68 and its two-hundred day simple moving average is $215.61.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the business earned $2.44 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Analysts anticipate that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio (DPR) is presently 25.06%.

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.