Geode Capital Management LLC Has $684.35 Million Holdings in Dover Corporation $DOV

Geode Capital Management LLC lifted its stake in shares of Dover Corporation (NYSE:DOV) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,519,070 shares of the industrial products company’s stock after buying an additional 30,372 shares during the period. Geode Capital Management LLC’s holdings in Dover were worth $684,348,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DOV. Brighton Jones LLC increased its holdings in shares of Dover by 62.1% during the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after buying an additional 1,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 676 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 1,580 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dover during the second quarter worth $488,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Dover during the second quarter worth $1,030,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

Shares of DOV opened at $211.35 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $28.46 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.21. The firm’s fifty day simple moving average is $215.02 and its two-hundred day simple moving average is $208.20. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, analysts predict that Dover Corporation will post 10.62 EPS for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Dover’s dividend payout ratio is 25.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOV. Citigroup reissued a “buy” rating on shares of Dover in a research note on Friday, April 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $224.00 price objective on shares of Dover in a research note on Saturday, January 31st. Seaport Research Partners boosted their price objective on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Finally, Wells Fargo & Company raised shares of Dover from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $237.36.

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.