UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $217.43 Million Holdings in Dover Corporation $DOV

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dover Corporation (NYSE:DOV) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 969,469 shares of the industrial products company’s stock after acquiring an additional 20,590 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dover were worth $217,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Reflection Asset Management acquired a new position in Dover in the 4th quarter valued at $26,000. MV Capital Management Inc. acquired a new position in Dover in the 4th quarter valued at $29,000. Clearstead Trust LLC bought a new position in Dover during the 2nd quarter worth $30,000. Finally, Financial Life Planners acquired a new stake in shares of Dover during the first quarter worth $31,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DOV. Wall Street Zen lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Wolfe Research restated an “outperform” rating and set a $262.00 target price on shares of Dover in a research report on Thursday, July 9th. Morgan Stanley raised their target price on shares of Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Finally, BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and cut their price target for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $238.29.

Dover Price Performance

Shares of NYSE:DOV opened at $193.89 on Tuesday. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. 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 market cap of $26.11 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.51 and a beta of 1.16. The firm has a 50 day simple moving average of $209.96 and a 200 day simple moving average of $214.81.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion during 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 business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts predict that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently declared 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 is an increase from Dover’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. Dover’s dividend payout ratio is presently 25.06%.

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.