Aventail Capital Group LP Makes New Investment in Dover Corporation $DOV

Aventail Capital Group LP purchased a new stake in shares of Dover Corporation (NYSE:DOV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 63,230 shares of the industrial products company’s stock, valued at approximately $12,345,000.

A number of other hedge funds also recently made changes to their positions in DOV. NEOS Investment Management LLC raised 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 worth $2,292,000 after purchasing an additional 4,766 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Dover by 15.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after buying an additional 5,514 shares during the last quarter. OFI Invest Asset Management acquired a new position in Dover in the fourth quarter worth approximately $10,195,000. Pensionfund Sabic purchased a new position in Dover during the 4th quarter worth approximately $1,230,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Dover by 3.5% during 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 purchasing an additional 7,396 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DOV. Seaport Research Partners boosted their price target on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Robert W. Baird lifted their price objective on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Barclays lifted their price objective on Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $229.00 price objective on shares of Dover in a research report on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.85.

Dover Stock Performance

NYSE DOV opened at $220.68 on Thursday. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.69 and a beta of 1.17. The company has a 50 day moving average of $216.97 and a 200-day moving average of $211.46. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business posted $2.05 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, equities analysts forecast that Dover Corporation will post 10.65 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s dividend payout ratio is 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.