Night Squared LP Invests $8.54 Million in Dover Corporation $DOV

Night Squared LP acquired a new position in shares of Dover Corporation (NYSE:DOV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,743 shares of the industrial products company’s stock, valued at approximately $8,540,000. Dover accounts for approximately 2.4% of Night Squared LP’s portfolio, making the stock its 8th largest position.

A number of other institutional investors also recently made changes to their positions in DOV. Financial Life Planners bought a new stake in shares of Dover during the third quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its holdings in shares of Dover by 234.2% during the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 89 shares during the period. Tompkins Financial Corp boosted its holdings in shares of 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 acquiring an additional 77 shares during the period. Leonteq Securities AG bought a new stake in shares of Dover during the fourth quarter worth approximately $34,000. Finally, Torren Management LLC bought a new stake in shares of Dover during the fourth quarter worth approximately $45,000. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the subject of several recent research reports. Citigroup reiterated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Oppenheimer boosted their price target on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 price target on shares of Dover in a research note on Friday, April 24th. BMO Capital Markets boosted their price target on Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Dover from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.85.

Dover Stock Up 1.0%

Shares of DOV opened at $222.82 on Wednesday. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company has a market cap of $30.01 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.68 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 firm has a 50 day simple moving average of $216.70 and a two-hundred day simple moving average of $211.22.

Dover (NYSE:DOV) last announced its quarterly earnings data 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. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $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. Research analysts forecast that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

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