Intech Investment Management LLC Makes New Investment in Dover Corporation $DOV

Intech Investment Management LLC acquired a new position in Dover Corporation (NYSE:DOV) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,055 shares of the industrial products company’s stock, valued at approximately $596,000.

Several other large investors also recently bought and sold shares of the company. Frank Rimerman Advisors LLC grew its holdings in Dover by 2.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 2,439 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 52 shares during the last quarter. Tectonic Advisors LLC lifted its position in Dover by 1.7% during the fourth quarter. Tectonic Advisors LLC now owns 3,176 shares of the industrial products company’s stock worth $620,000 after buying an additional 54 shares during the period. Kingsview Wealth Management LLC lifted its position in Dover by 2.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after buying an additional 56 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Dover by 14.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 455 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 59 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Dover by 4.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,513 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $252.00 price objective on shares of Dover in a report on Friday, April 24th. Wells Fargo & Company upgraded Dover from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $210.00 to $230.00 in a research note on Tuesday, March 17th. Seaport Research Partners raised their price objective on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $229.00 price objective on shares of Dover in a research note on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.79.

Dover Trading Up 2.1%

NYSE:DOV opened at $220.69 on Wednesday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The firm has a market capitalization of $29.72 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.65 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. The business has a 50 day simple moving average of $215.40 and a 200 day simple moving average of $209.98.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the firm posted $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. Equities research analysts predict that Dover Corporation will post 10.64 EPS for the current year.

Dover Announces Dividend

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