Nomura Asset Management Co. Ltd. Increases Stake in Dover Corporation $DOV

Nomura Asset Management Co. Ltd. raised its stake in shares of Dover Corporation (NYSE:DOV) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,403 shares of the industrial products company’s stock after buying an additional 10,270 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Dover were worth $51,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Dover by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock valued at $3,266,951,000 after buying an additional 120,341 shares in the last quarter. State Street Corp grew its holdings in shares of Dover by 1.3% in the third quarter. State Street Corp now owns 6,533,361 shares of the industrial products company’s stock valued at $1,089,961,000 after purchasing an additional 86,212 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dover by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock valued at $684,348,000 after purchasing an additional 30,372 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Dover by 16.1% in the third quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock valued at $355,458,000 after purchasing an additional 294,856 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Dover by 13.2% in the third quarter. Franklin Resources Inc. now owns 1,664,306 shares of the industrial products company’s stock valued at $277,656,000 after purchasing an additional 193,878 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DOV shares. Citigroup reissued a “buy” rating on shares of Dover 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. Robert W. Baird raised their target price on shares of Dover from $255.00 to $279.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Seaport Research Partners raised their target price on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Morgan Stanley set a $210.00 target price on shares of Dover in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and an average price target of $237.36.

Dover Stock Down 0.0%

Shares of DOV opened at $211.35 on Monday. The company has a market cap of $28.46 billion, a PE ratio of 26.35, a P/E/G ratio of 1.61 and a beta of 1.17. The business has a fifty day moving average of $215.02 and a 200 day moving average of $208.38. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. Dover had a return on equity of 18.01% and a net margin of 13.30%.Dover’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. On average, sell-side analysts expect that Dover Corporation will post 10.62 EPS for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.52 dividend. The ex-dividend date 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 (DPR) is currently 25.94%.

Dover Company 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.