Citizens Financial Group Inc. RI Purchases Shares of 3,781 Dover Corporation $DOV

Posted by Stanley Muller on Aug 19th, 2026

Citizens Financial Group Inc. RI acquired a new position in shares of Dover Corporation (NYSE:DOV – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 3,781 shares of the industrial products company’s stock, valued at approximately $848,000.

A number of other institutional investors have also added to or reduced their stakes in DOV. Vanguard Group Inc. grew its stake in Dover by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 16,733,000 shares of the industrial products company’s stock valued at $3,266,951,000 after acquiring an additional 120,341 shares during the period. BlackRock Inc. acquired a new stake in Dover in the 2nd quarter valued at $2,347,134,000. State Street Corp increased its stake in Dover by 3.5% during the 4th quarter. State Street Corp now owns 6,760,797 shares of the industrial products company’s stock valued at $1,319,978,000 after purchasing an additional 227,436 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Dover by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company’s stock valued at $684,348,000 after buying an additional 30,372 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Dover by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company’s stock valued at $631,806,000 after buying an additional 150,319 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Price Performance

Dover stock opened at $203.23 on Wednesday. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54. The company’s 50 day moving average price is $213.60 and its two-hundred day moving average price is $215.72. The stock has a market cap of $27.37 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.57 and a beta of 1.16. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33.

Dover (NYSE:DOV – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the business posted $2.44 earnings per share. Dover’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. On average, equities analysts predict 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. 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 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%. Dover’s dividend payout ratio (DPR) is currently 25.30%.

Wall Street Analyst Weigh In

A number of analysts have commented on DOV shares. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Royal Bank Of Canada cut 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. BMO Capital Markets upgraded Dover from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $255.00 to $240.00 in a report on Friday, July 24th. Citigroup reissued a “buy” rating on shares of Dover in a research report on Friday, April 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $262.00 price objective on shares of Dover in a report on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $238.29.

Check Out Our Latest Stock Analysis on DOV

About Dover

(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.