18,400 Shares in Dover Corporation $DOV Bought by SIR Capital Management L.P.

SIR Capital Management L.P. acquired a new position in shares of Dover Corporation (NYSE:DOV) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 18,400 shares of the industrial products company’s stock, valued at approximately $3,592,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. NEOS Investment Management LLC grew its holdings in Dover by 53.1% in 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 grew its holdings in Dover by 15.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock valued at $8,442,000 after purchasing an additional 5,514 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Dover in the fourth quarter valued at $10,195,000. Pensionfund Sabic acquired a new stake in Dover in the fourth quarter valued at $1,230,000. Finally, BIP Wealth LLC acquired a new stake in Dover in the fourth quarter valued at $538,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays upped their target price on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. BMO Capital Markets upped their target price on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Weiss Ratings lowered Dover from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $210.00 to $230.00 in a report on Tuesday, March 17th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.85.

Dover Stock Performance

NYSE DOV opened at $217.07 on Friday. The business’s 50-day moving average price is $216.04 and its 200 day moving average price is $210.53. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a market capitalization of $29.23 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17. 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 released its earnings results 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 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 period in the prior year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter 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, research analysts predict that Dover Corporation will post 10.65 earnings per share for the current year.

Dover Dividend Announcement

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

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.