Danske Bank A S Purchases Shares of 104,477 Dover Corporation $DOV

Danske Bank A S acquired a new position in shares of Dover Corporation (NYSE:DOV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 104,477 shares of the industrial products company’s stock, valued at approximately $23,432,000. Danske Bank A S owned about 0.08% of Dover at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOV. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dover by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after purchasing an additional 7,396 shares during the last quarter. Leeward Investments LLC MA boosted its position in Dover by 22.2% during the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock valued at $11,160,000 after acquiring an additional 10,377 shares during the last quarter. Independent Financial Group LLC bought a new stake in Dover during the first quarter valued at $1,367,000. Tredje AP fonden raised its position in shares of Dover by 5.4% in the 4th quarter. Tredje AP fonden now owns 172,043 shares of the industrial products company’s stock worth $33,590,000 after acquiring an additional 8,774 shares in the last quarter. Finally, E. Ohman J or Asset Management AB lifted its stake in shares of Dover by 3,177.2% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 146,949 shares of the industrial products company’s stock valued at $32,958,000 after purchasing an additional 142,465 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Performance

Shares of DOV opened at $200.05 on Friday. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company has a market cap of $26.94 billion, a PE ratio of 24.10, a P/E/G ratio of 1.54 and a beta of 1.16. The stock has a 50-day moving average of $212.98 and a 200-day moving average of $215.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities research analysts predict that Dover Corporation will post 10.67 EPS 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 dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.0%. Dover’s payout ratio is currently 25.06%.

Analyst Ratings Changes

Several equities research analysts recently commented on DOV shares. Oppenheimer upped their target price on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Wolfe Research reissued an “outperform” rating and issued a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Royal Bank Of Canada reduced their price objective on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 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 stock has an average rating of “Moderate Buy” and a consensus 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.