Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 16,547 Shares of Dover Corporation $DOV

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Dover Corporation (NYSE:DOV) by 50.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,215 shares of the industrial products company’s stock after selling 16,547 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dover were worth $3,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Dover by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock valued at $3,266,951,000 after acquiring an additional 120,341 shares in the last quarter. State Street Corp raised 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 acquiring an additional 86,212 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dover by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock worth $684,348,000 after purchasing an additional 30,372 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Dover by 174.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,880,653 shares of the industrial products company’s stock worth $562,419,000 after purchasing an additional 1,830,722 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Dover by 16.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,130,657 shares of the industrial products company’s stock worth $355,458,000 after purchasing an additional 294,856 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Up 0.8%

NYSE DOV opened at $216.37 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. The firm has a market cap of $29.14 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. The company has a 50 day moving average price of $215.12 and a 200 day moving average price of $209.69. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.27 by $0.01. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. Dover’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, sell-side analysts forecast that Dover Corporation will post 10.64 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid 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 payout ratio is 25.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Wells Fargo & Company raised shares of Dover from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $210.00 to $230.00 in a research report on Tuesday, March 17th. Weiss Ratings cut shares of Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $238.79.

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.