Waddell & Associates LLC Acquires Shares of 3,008 Dover Corporation $DOV

Waddell & Associates LLC acquired a new stake in shares of Dover Corporation (NYSE:DOV) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,008 shares of the industrial products company’s stock, valued at approximately $587,000.

Other institutional investors also recently added to or reduced their stakes in the company. NEOS Investment Management LLC boosted its holdings in Dover by 53.1% during the third quarter. NEOS Investment Management LLC now owns 13,741 shares of the industrial products company’s stock valued at $2,292,000 after purchasing an additional 4,766 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dover by 15.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after acquiring an additional 5,514 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Dover in the 4th quarter worth approximately $10,195,000. Pensionfund Sabic acquired a new position in shares of Dover in the 4th quarter worth approximately $1,230,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $42,845,000 after acquiring an additional 7,396 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on DOV. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a report on Sunday. Barclays boosted their target price on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 target price on shares of Dover in a report on Friday, April 24th. Seaport Research Partners boosted their target price on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Oppenheimer boosted their target price on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.79.

Dover Stock Up 2.1%

NYSE:DOV opened at $220.69 on Wednesday. The stock’s fifty day moving average price is $215.40 and its two-hundred day moving average price is $209.98. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.87. The company has a market cap of $29.72 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.65 and a beta of 1.17.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the business earned $2.05 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, analysts anticipate that Dover Corporation will post 10.64 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 0.9%. Dover’s dividend payout ratio is currently 25.94%.

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.