Nomura Asset Management Co. Ltd. Buys 10,270 Shares of Dover Corporation $DOV

by · The Cerbat Gem

Nomura Asset Management Co. Ltd. raised its stake in shares of Dover Corporation (NYSE:DOV – Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 263,403 shares of the industrial products company’s stock after acquiring an additional 10,270 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.19% of Dover worth $51,427,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Dover in the 3rd quarter worth approximately $25,000. Tompkins Financial Corp lifted its stake in shares of Dover by 102.7% in the 4th quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 77 shares during the period. Leonteq Securities AG bought a new position in shares of Dover in the 4th quarter worth approximately $34,000. Westside Investment Management Inc. lifted its stake in shares of Dover by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 114 shares during the period. Finally, Torren Management LLC bought a new position in shares of Dover in the 4th quarter worth approximately $45,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.0%

Dover stock opened at $211.35 on Monday. The firm has a 50 day moving average of $215.02 and a 200 day moving average of $208.38. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 1.61 and a beta of 1.17. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35.

Dover (NYSE:DOV – Get Free Report) last announced 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 net margin of 13.30% and a return on equity of 18.01%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $2.05 EPS. The company’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. As a group, research analysts predict that Dover Corporation will post 10.62 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio (DPR) is 25.94%.

Analysts Set New Price Targets

DOV has been the topic of several recent research reports. BMO Capital Markets increased their price objective on shares of Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Robert W. Baird increased their price objective on shares of Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup reissued a “buy” rating on shares of Dover in a report on Friday, April 24th. Finally, Oppenheimer increased their target price on shares of Dover from $242.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $237.36.

View Our Latest Research Report on Dover

Dover Company Profile

(Free Report)

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.

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