Daiichi Life Insurance Co. Ltd. bought a new position in shares of Dover Corporation (NYSE:DOV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,201 shares of the industrial products company’s stock, valued at approximately $2,288,000.
Several other hedge funds have also modified their holdings of DOV. True North Advisors LLC grew its holdings in Dover by 2.9% during the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company’s stock worth $336,000 after acquiring an additional 45 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in Dover by 0.7% in the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company’s stock valued at $1,472,000 after acquiring an additional 51 shares during the period. KCM Investment Advisors LLC lifted its holdings in Dover by 3.5% in the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 53 shares during the period. Kingsview Wealth Management LLC grew its stake in shares of Dover by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company’s stock worth $489,000 after purchasing an additional 56 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of Dover by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company’s stock valued at $975,000 after purchasing an additional 58 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on DOV shares. Wall Street Zen downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Seaport Research Partners upped their price target on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings raised Dover from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 4th. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $255.00 to $240.00 in a report on Friday, July 24th. Finally, Royal Bank Of Canada decreased their target price on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $238.29.
Dover Stock Performance
Shares of DOV opened at $201.96 on Monday. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The stock has a market cap of $27.20 billion, a P/E ratio of 24.33, a PEG ratio of 1.53 and a beta of 1.16. 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 company has a 50-day moving average of $212.68 and a two-hundred day moving average of $215.67.
Dover (NYSE:DOV – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.02. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the company posted $2.44 EPS. The company’s revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, research analysts predict that Dover Corporation will post 10.67 EPS for the current fiscal year.
Dover Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.525 per share. The ex-dividend date is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. This is a boost from Dover’s previous quarterly dividend of $0.52. Dover’s dividend payout ratio (DPR) is 25.06%.
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.
Read More
- Five stocks we like better than Dover
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corporation (NYSE:DOV – Free Report).
Receive News & Ratings for Dover Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover and related companies with MarketBeat.com's FREE daily email newsletter.
