Baader Bank Aktiengesellschaft Makes New $824,000 Investment in Dover Corporation $DOV

Baader Bank Aktiengesellschaft purchased a new position in shares of Dover Corporation (NYSE:DOV) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,968 shares of the industrial products company’s stock, valued at approximately $824,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. increased its stake in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Reflection Asset Management acquired a new stake in Dover in the 4th quarter worth about $26,000. MV Capital Management Inc. purchased a new stake in Dover in the 4th quarter valued at about $29,000. Tompkins Financial Corp increased its stake in shares of Dover by 102.7% during the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Financial Life Planners acquired a new position in shares of Dover during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 0.8%

NYSE DOV opened at $211.30 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.87 and a debt-to-equity ratio of 0.35. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The business has a 50 day moving average price of $215.98 and a two-hundred day moving average price of $215.36. The stock has a market cap of $28.45 billion, a PE ratio of 26.35, a P/E/G ratio of 1.59 and a beta of 1.16.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.01. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Dover had a net margin of 13.30% and a return on equity of 18.01%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 earnings per share. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, sell-side analysts predict that Dover Corporation will post 10.65 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, May 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio (DPR) is currently 25.94%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DOV shares. Citigroup reissued a “buy” rating on shares of Dover in a research report on Friday, April 24th. Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Barclays boosted their price objective on shares of Dover from $206.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Robert W. Baird increased their target price on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Seaport Research Partners boosted their price target on Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.43.

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.