Swiss Life Asset Management Ltd Has $12.12 Million Position in Dover Corporation $DOV

Swiss Life Asset Management Ltd lifted its stake in shares of Dover Corporation (NYSE:DOV) by 7.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,066 shares of the industrial products company’s stock after acquiring an additional 4,384 shares during the period. Swiss Life Asset Management Ltd’s holdings in Dover were worth $12,118,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Dover by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock valued at $3,266,951,000 after acquiring an additional 120,341 shares during the period. State Street Corp lifted its position in shares of Dover by 1.3% during the 3rd quarter. State Street Corp now owns 6,533,361 shares of the industrial products company’s stock valued at $1,089,961,000 after acquiring an additional 86,212 shares during the period. Wellington Management Group LLP lifted its position in shares of Dover by 16.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock valued at $355,458,000 after acquiring an additional 294,856 shares during the period. Franklin Resources Inc. lifted its position in shares of Dover by 13.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,664,306 shares of the industrial products company’s stock valued at $277,656,000 after acquiring an additional 193,878 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Dover by 4.3% during the 3rd quarter. Fisher Asset Management LLC now owns 1,633,133 shares of the industrial products company’s stock valued at $272,456,000 after purchasing an additional 67,588 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Citigroup restated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Dover from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Morgan Stanley set a $210.00 price target on shares of Dover in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $224.00 price target on shares of Dover in a research note on Saturday, January 31st. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $237.36.

Dover Trading Down 1.5%

NYSE:DOV opened at $216.77 on Wednesday. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The firm has a 50-day moving average price of $215.33 and a two-hundred day moving average price of $205.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The firm has a market cap of $29.19 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Dover’s payout ratio is presently 25.94%.

Insider Buying and Selling

In other news, CEO Richard J. Tobin sold 76,997 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $232.70, for a total value of $17,917,201.90. Following the transaction, the chief executive officer owned 217,979 shares in the company, valued at $50,723,713.30. The trade was a 26.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ivonne M. Cabrera sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $233.23, for a total value of $932,920.00. Following the completion of the transaction, the senior vice president owned 72,188 shares in the company, valued at $16,836,407.24. The trade was a 5.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

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.