MUFG Securities EMEA plc Grows Stock Position in Dover Corporation $DOV

MUFG Securities EMEA plc increased its holdings in shares of Dover Corporation (NYSE:DOV) by 114.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,628 shares of the industrial products company’s stock after purchasing an additional 3,003 shares during the quarter. MUFG Securities EMEA plc’s holdings in Dover were worth $1,099,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in Dover during the third quarter worth about $25,000. Tompkins Financial Corp lifted its position in Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after buying an additional 77 shares during the period. Leonteq Securities AG purchased a new position in Dover during the fourth quarter worth about $34,000. Westside Investment Management Inc. lifted its position in Dover by 100.0% during the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after buying an additional 114 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in Dover by 371.4% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the industrial products company’s stock worth $44,000 after buying an additional 208 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Robert W. Baird upped their price target on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Morgan Stanley set a $210.00 price target on Dover in a research note on Wednesday, February 4th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research note on Saturday. Seaport Research Partners upped their price target on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Oppenheimer upped their price target on Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $237.36.

Dover Stock Performance

Shares of NYSE:DOV opened at $211.90 on Wednesday. The firm has a market capitalization of $28.53 billion, a PE ratio of 26.42, a P/E/G ratio of 1.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The business has a 50-day moving average of $214.95 and a two-hundred day moving average of $208.55.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.27 by $0.01. The business had revenue of $2.05 billion for 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%.The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, research analysts forecast that Dover Corporation will post 10.62 earnings per share for the current year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Dover’s dividend payout ratio (DPR) is presently 25.94%.

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.