Forsta AP Fonden Sells 8,500 Shares of Dover Corporation $DOV

Forsta AP Fonden cut its position in shares of Dover Corporation (NYSE:DOV) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,800 shares of the industrial products company’s stock after selling 8,500 shares during the quarter. Forsta AP Fonden’s holdings in Dover were worth $12,066,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Financial Life Planners bought a new position in shares of Dover during the third quarter worth about $25,000. Tompkins Financial Corp boosted its position in Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Leonteq Securities AG acquired a new position in Dover during the fourth quarter valued at approximately $34,000. Westside Investment Management Inc. boosted its position in Dover by 100.0% during the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 114 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in Dover by 371.4% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 208 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on DOV shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $252.00 price target on shares of Dover in a research report on Friday, April 24th. Wells Fargo & Company raised Dover from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Oppenheimer increased their price target on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Barclays increased their price target on Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Finally, BMO Capital Markets increased their price target on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.36.

Dover Stock Performance

DOV opened at $211.35 on Monday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.61 and a beta of 1.17. The business has a 50 day moving average of $215.02 and a 200-day moving average of $208.38. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The company had revenue of $2.05 billion during 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 revenue 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 research analysts expect that Dover Corporation will post 10.62 earnings per share for the current year.

Dover Dividend Announcement

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