Dover Corporation $DOV Shares Bought by Diligent Investors LLC

Diligent Investors LLC grew its position in Dover Corporation (NYSE:DOV) by 4.7% in the second quarter, Holdings Channel.com reports. The fund owned 2,232 shares of the industrial products company’s stock after buying an additional 101 shares during the period. Diligent Investors LLC’s holdings in Dover were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. North Capital Inc. acquired a new position in Dover in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new stake in Dover in the first quarter worth $31,000. Truvestments Capital LLC boosted its holdings in shares of Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 171 shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in shares of Dover in the 2nd quarter worth about $33,000. Finally, Costello Asset Management INC bought a new stake in Dover in the 1st quarter valued at about $35,000. 84.46% of the stock is currently owned by institutional investors.

Dover Price Performance

NYSE DOV opened at $166.54 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Dover Corporation has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a market cap of $22.84 billion, a PE ratio of 10.04, a PEG ratio of 1.33 and a beta of 1.26. The stock’s 50-day moving average price is $175.46 and its two-hundred day moving average price is $176.46.

Dover (NYSE:DOV) last released its earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.05. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. Dover had a net margin of 29.29% and a return on equity of 18.19%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $2.36 earnings per share. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. On average, analysts predict that Dover Corporation will post 9.45 EPS for the current year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, August 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Dover’s previous quarterly dividend of $0.52. Dover’s payout ratio is 12.55%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $226.00 price objective (up previously from $202.00) on shares of Dover in a report on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dover in a research note on Saturday, September 27th. Mizuho boosted their price objective on Dover from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, June 13th. JPMorgan Chase & Co. raised their target price on Dover from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Robert W. Baird boosted their price target on shares of Dover from $219.00 to $234.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Dover has an average rating of “Moderate Buy” and a consensus target price of $213.67.

About Dover

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.