National Pension Service Purchases 10,194 Shares of Dover Corporation $DOV

National Pension Service lifted its stake in shares of Dover Corporation (NYSE:DOV) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 256,310 shares of the industrial products company’s stock after buying an additional 10,194 shares during the quarter. National Pension Service’s holdings in Dover were worth $50,042,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Frank Rimerman Advisors LLC lifted its stake in shares of Dover by 2.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after buying an additional 52 shares during the last quarter. Tectonic Advisors LLC lifted its stake in shares of Dover by 1.7% during the 4th quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after buying an additional 54 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Dover by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after buying an additional 56 shares during the last quarter. Mission Wealth Management LP lifted its stake in shares of Dover by 0.8% during the 3rd quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock worth $1,250,000 after buying an additional 58 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Dover by 14.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 455 shares of the industrial products company’s stock worth $89,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of research reports. Barclays raised their target price on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $252.00 target price on shares of Dover in a research note on Friday, April 24th. BMO Capital Markets raised their target price on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Seaport Research Partners raised their target price on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average target price of $237.36.

Dover Price Performance

Shares of Dover stock opened at $211.35 on Monday. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The company has a 50-day simple moving average of $215.02 and a two-hundred day simple moving average of $208.38. The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company earned $2.05 EPS. The business’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. Analysts forecast that Dover Corporation will post 10.62 EPS for the current year.

Dover Announces Dividend

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