Lombard Odier Asset Management Switzerland SA Invests $1 Million in Dover Corporation $DOV

Lombard Odier Asset Management Switzerland SA acquired a new stake in Dover Corporation (NYSE:DOV) in the 1st quarter, Holdings Channel reports. The fund acquired 4,810 shares of the industrial products company’s stock, valued at approximately $1,003,000.

A number of other institutional investors also recently bought and sold shares of DOV. Waverly Advisors LLC grew its position in Dover by 21.4% during the 1st quarter. Waverly Advisors LLC now owns 4,845 shares of the industrial products company’s stock worth $1,010,000 after purchasing an additional 854 shares during the last quarter. Sustainable Insight Capital Management LLC increased its stake in Dover by 8.6% during the 1st quarter. Sustainable Insight Capital Management LLC now owns 8,807 shares of the industrial products company’s stock valued at $1,836,000 after purchasing an additional 700 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Dover by 3,395.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 189,472 shares of the industrial products company’s stock worth $39,495,000 after buying an additional 184,051 shares during the last quarter. GC Wealth Management RIA LLC lifted its stake in shares of Dover by 15.0% during the first quarter. GC Wealth Management RIA LLC now owns 3,711 shares of the industrial products company’s stock worth $774,000 after buying an additional 485 shares during the period. Finally, Keebeck Wealth Management lifted its stake in shares of Dover by 41.8% during the first quarter. Keebeck Wealth Management now owns 2,564 shares of the industrial products company’s stock worth $534,000 after buying an additional 756 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Up 1.8%

NYSE:DOV opened at $205.79 on Tuesday. 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 company’s fifty day moving average price is $215.39 and its 200-day moving average price is $215.52. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. The firm has a market capitalization of $27.72 billion, a P/E ratio of 24.79, a PEG ratio of 1.54 and a beta of 1.16.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities research analysts anticipate that Dover Corporation will post 10.66 EPS for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s payout ratio is 25.06%.

Analysts Set New Price Targets

DOV has been the topic of several research reports. Wolfe Research reissued an “outperform” rating and issued a $262.00 target price on shares of Dover in a research report on Thursday, July 9th. Robert W. Baird set a $270.00 price target on Dover in a research report on Friday. Morgan Stanley boosted their price target on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Seaport Research Partners increased their price objective on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $238.29.

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.