Korea Investment CORP Takes Position in Dover Corporation $DOV

Korea Investment CORP purchased a new position in shares of Dover Corporation (NYSE:DOV) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 55,144 shares of the industrial products company’s stock, valued at approximately $12,368,000.

A number of other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in Dover by 234.2% in 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 purchased a new stake in Dover during the fourth quarter worth about $26,000. MV Capital Management Inc. purchased a new position in Dover in the fourth quarter valued at about $29,000. Clearstead Trust LLC acquired a new stake in shares of Dover during the 2nd quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new stake in shares of Dover in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

DOV has been the subject of a number of research analyst reports. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Robert W. Baird set a $270.00 price objective on shares of Dover in a research note on Friday, July 24th. Royal Bank Of Canada reduced their target price on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research note on Friday, July 24th. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $255.00 to $240.00 in a report on Friday, July 24th. Finally, Morgan Stanley increased their price objective on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Trading Up 0.0%

Shares of DOV opened at $201.96 on Monday. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The stock’s 50-day moving average is $212.68 and its two-hundred day moving average is $215.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The stock has a market cap of $27.20 billion, a PE ratio of 24.33, a P/E/G ratio of 1.53 and a beta of 1.16.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities analysts forecast that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is 25.06%.

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.