Franklin Resources Inc. Has $343.65 Million Stock Position in Dover Corporation $DOV

Franklin Resources Inc. boosted its position in Dover Corporation (NYSE:DOV) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,760,151 shares of the industrial products company’s stock after buying an additional 95,845 shares during the quarter. Franklin Resources Inc. owned approximately 1.28% of Dover worth $343,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DOV. NEOS Investment Management LLC grew its stake in shares of Dover by 53.1% in the third quarter. NEOS Investment Management LLC now owns 13,741 shares of the industrial products company’s stock worth $2,292,000 after acquiring an additional 4,766 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Dover by 15.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,470 shares of the industrial products company’s stock worth $8,442,000 after purchasing an additional 5,514 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Dover during the 4th quarter worth about $10,195,000. Pensionfund Sabic acquired a new position in shares of Dover during the fourth quarter valued at about $1,230,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Dover by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock valued at $42,845,000 after buying an additional 7,396 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DOV shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $229.00 target price on shares of Dover in a research report on Friday, April 24th. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a report on Sunday. Oppenheimer boosted their price objective on Dover from $242.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Citigroup reaffirmed a “buy” rating on shares of Dover in a research report on Friday, April 24th. Finally, Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $210.00 to $230.00 in a research note on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.79.

Dover Price Performance

Shares of DOV stock opened at $216.37 on Tuesday. The stock’s fifty day simple moving average is $215.12 and its 200 day simple moving average is $209.69. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The firm has a market cap of $29.14 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.63 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 (NYSE:DOV) last issued 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 company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the business earned $2.05 earnings per share. The business’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. On average, analysts expect that Dover Corporation will post 10.64 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. 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.