Swiss National Bank Grows Stock Holdings in Dover Corporation $DOV

Swiss National Bank raised its holdings in shares of Dover Corporation (NYSE:DOV) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 402,400 shares of the industrial products company’s stock after purchasing an additional 26,500 shares during the quarter. Swiss National Bank’s holdings in Dover were worth $83,880,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Orion Porfolio Solutions LLC lifted its holdings in shares of Dover by 0.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after acquiring an additional 51 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in Dover by 2.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 52 shares during the last quarter. KCM Investment Advisors LLC increased its stake in Dover by 3.5% during the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 53 shares during the last quarter. Tectonic Advisors LLC raised its position in Dover by 1.7% during the fourth quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 54 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in shares of Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock valued at $489,000 after purchasing an additional 56 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Down 2.1%

DOV opened at $209.64 on Tuesday. The stock has a market cap of $28.23 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.63 and a beta of 1.16. The stock’s 50 day moving average price is $216.09 and its 200-day moving average price is $215.24. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87.

Dover (NYSE:DOV) last issued its quarterly 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 company’s revenue for the quarter 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 forecast that Dover Corporation will post 10.65 EPS for the current year.

Dover Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DOV. Barclays lifted their target price on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Wolfe Research restated an “outperform” rating and set a $262.00 price target on shares of Dover in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $252.00 price objective on shares of Dover in a research report on Friday, April 24th. Finally, Seaport Research Partners increased their target price on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.43.

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.