Livforsakringsbolaget Skandia Omsesidigt Has $7.99 Million Position in Dover Corporation $DOV

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Dover Corporation (NYSE:DOV) by 8.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 38,350 shares of the industrial products company’s stock after acquiring an additional 2,864 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dover were worth $7,994,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its stake in shares of Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Reflection Asset Management acquired a new stake in Dover in the fourth quarter worth about $26,000. MV Capital Management Inc. bought a new stake in Dover during the 4th quarter worth about $29,000. Tompkins Financial Corp raised its holdings in Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Finally, Financial Life Planners acquired a new position in Dover during the 1st quarter valued at about $31,000. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DOV. Robert W. Baird raised their target price on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wolfe Research restated an “outperform” rating and issued a $262.00 price objective on shares of Dover in a report on Thursday, July 9th. Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of Dover in a report on Friday, April 24th. Finally, Barclays upped their target price on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.43.

Dover Price Performance

Dover stock opened at $214.31 on Wednesday. The firm has a market capitalization of $28.86 billion, a P/E ratio of 26.72, a PEG ratio of 1.63 and a beta of 1.16. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The business has a 50-day moving average of $216.78 and a 200-day moving average of $214.84. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating 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 company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $2.05 EPS. Dover’s revenue 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, equities analysts anticipate that Dover Corporation will post 10.65 EPS for the current year.

Dover Announces Dividend

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

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.