Livforsakringsbolaget Skandia Omsesidigt Has $7.99 Million Stock Holdings in Dover Corporation $DOV

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Dover Corporation (NYSE:DOV) by 8.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 38,350 shares of the industrial products company’s stock after acquiring an additional 2,864 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dover were worth $7,994,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Dover by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock worth $3,266,951,000 after purchasing an additional 120,341 shares during the period. State Street Corp boosted its holdings in Dover by 3.5% during the fourth quarter. State Street Corp now owns 6,760,797 shares of the industrial products company’s stock valued at $1,319,978,000 after purchasing an additional 227,436 shares in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $684,348,000 after purchasing an additional 30,372 shares during the period. Bank of New York Mellon Corp raised its holdings 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 buying an additional 1,830,722 shares in the last quarter. Finally, Nuveen LLC raised its holdings in shares of Dover by 9.9% in the 4th quarter. Nuveen LLC now owns 2,623,281 shares of the industrial products company’s stock worth $512,169,000 after buying an additional 235,454 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Up 0.0%

NYSE DOV opened at $214.31 on Wednesday. The stock’s 50 day simple moving average is $216.78 and its 200 day simple moving average is $214.84. 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 $28.86 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. 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 the consensus estimate of $2.27 by $0.01. The firm had revenue of $2.05 billion during 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 business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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 10.65 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Dover’s payout ratio is currently 25.94%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DOV. 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. BMO Capital Markets increased their price objective on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Wall Street Zen raised Dover from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Citigroup restated a “buy” rating on shares of Dover in a research note on Friday, April 24th. Finally, Barclays upped their target price on shares of Dover from $206.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.43.

Dover 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.