National Pension Service Purchases 4,974 Shares of Dover Corporation $DOV

National Pension Service boosted its position in Dover Corporation (NYSE:DOV) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 255,837 shares of the industrial products company’s stock after buying an additional 4,974 shares during the quarter. National Pension Service’s holdings in Dover were worth $57,379,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DOV. Meeder Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 89 shares during the last quarter. Reflection Asset Management bought a new position in Dover in the fourth quarter valued at $26,000. Clearstead Trust LLC acquired a new stake in Dover in the 2nd quarter valued at $30,000. MV Capital Management Inc. acquired a new stake in Dover in the 4th quarter valued at $29,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Dover during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the topic of a number of recent research reports. Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada decreased their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Weiss Ratings cut shares of Dover from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 2nd. Robert W. Baird set a $270.00 price target on Dover in a research note on Friday, July 24th. Finally, Morgan Stanley upped their target price on Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Price Performance

DOV stock opened at $188.94 on Friday. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 1.42 and a beta of 1.15. 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 has a 50 day simple moving average of $204.34 and a 200 day simple moving average of $212.33. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54.

Dover (NYSE:DOV) last posted its 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. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the firm posted $2.44 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts anticipate 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. Shareholders of record on Monday, August 31st will be given a $0.525 dividend. This is a boost from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. Dover’s dividend payout ratio is 25.30%.

About Dover

Dover Corporation is a diversified global manufacturer that designs and produces specialized equipment, components and systems for industrial and commercial customers. Its businesses serve markets including energy, transportation, food and beverage, refrigeration, manufacturing, printing and packaging.

The company’s products and solutions include pumps, compressors, fluid-handling equipment, fueling and vehicle-service systems, refrigeration and heat-transfer technologies, industrial winches, digital printing and coding equipment, and systems used in textile and product identification applications.