Korea Investment CORP Purchases Shares of 55,144 Dover Corporation $DOV

Korea Investment CORP bought a new position in shares of Dover Corporation (NYSE:DOV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 55,144 shares of the industrial products company’s stock, valued at approximately $12,368,000.

A number of other institutional investors also recently bought and sold shares of DOV. Brighton Jones LLC grew its stake in shares of Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Dover by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after buying an additional 676 shares in the last quarter. Empowered Funds LLC boosted its holdings in Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after buying an additional 1,580 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Dover during the second quarter valued at $488,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Dover in the second quarter valued at $1,030,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on DOV shares. Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Wolfe Research reissued an “outperform” rating and issued a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Seaport Research Partners upped their price objective on shares of Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Finally, BMO Capital Markets upgraded shares of Dover from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.29.

Dover Stock Performance

NYSE DOV opened at $201.96 on Monday. The stock has a fifty day simple moving average of $212.68 and a 200-day simple moving average of $215.67. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market cap of $27.20 billion, a PE ratio of 24.33, a P/E/G ratio of 1.53 and a beta of 1.16. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities analysts anticipate that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.525 dividend. This is an increase from Dover’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 31st. Dover’s payout ratio is currently 25.06%.

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.