Franklin Resources Inc. Has $343.65 Million Stock Holdings in Dover Corporation $DOV

Franklin Resources Inc. increased its stake in shares of Dover Corporation (NYSE:DOV) by 5.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,760,151 shares of the industrial products company’s stock after buying an additional 95,845 shares during the period. Franklin Resources Inc.’s holdings in Dover were worth $343,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOV. NEOS Investment Management LLC grew its stake in shares of Dover by 53.1% during the third quarter. NEOS Investment Management LLC now owns 13,741 shares of the industrial products company’s stock valued at $2,292,000 after purchasing an additional 4,766 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Dover by 15.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after buying an additional 5,514 shares in the last quarter. OFI Invest Asset Management bought a new position in Dover in the 4th quarter valued at $10,195,000. Pensionfund Sabic acquired a new stake in shares of Dover in the 4th quarter valued at $1,230,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Dover by 3.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock worth $42,845,000 after acquiring an additional 7,396 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 0.8%

Shares of NYSE DOV opened at $216.37 on Tuesday. The firm has a 50 day moving average price of $215.12 and a 200 day moving average price of $209.69. 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 stock has a market cap of $29.14 billion, a P/E ratio of 26.98, a P/E/G ratio of 1.63 and a beta of 1.17. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54.

Dover (NYSE:DOV) last announced its quarterly 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 net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm posted $2.05 earnings per share. The business’s quarterly 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. Analysts expect that Dover Corporation will post 10.64 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Dover’s dividend payout ratio is 25.94%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DOV shares. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $210.00 to $230.00 in a report on Tuesday, March 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $252.00 target price on shares of Dover in a research report on Friday, April 24th. Barclays lifted their price target on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.79.

Dover Company 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.