Silvant Capital Management LLC purchased a new stake in Dover Corporation (NYSE:DOV – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,259 shares of the industrial products company’s stock, valued at approximately $1,404,000.
Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dover by 3.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,445 shares of the industrial products company’s stock worth $42,845,000 after purchasing an additional 7,396 shares during the period. Leeward Investments LLC MA lifted its stake in shares of Dover by 22.2% in the fourth quarter. Leeward Investments LLC MA now owns 57,159 shares of the industrial products company’s stock valued at $11,160,000 after purchasing an additional 10,377 shares during the period. Independent Financial Group LLC purchased a new stake in Dover during the first quarter worth about $1,367,000. Tredje AP fonden grew its position in Dover by 5.4% during the fourth quarter. Tredje AP fonden now owns 172,043 shares of the industrial products company’s stock worth $33,590,000 after buying an additional 8,774 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Dover by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 315,504 shares of the industrial products company’s stock valued at $61,760,000 after buying an additional 15,361 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DOV has been the topic of a number of research reports. Royal Bank Of Canada lowered their price target on Dover from $252.00 to $227.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Citigroup restated a “buy” rating on shares of Dover in a research report on Friday, April 24th. Morgan Stanley lifted their price target on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Seaport Research Partners increased their price objective on shares of Dover from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Wolfe Research restated an “outperform” rating and set a $262.00 target price on shares of Dover in a report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.29.
Dover Trading Down 1.2%
Shares of DOV stock opened at $200.05 on Friday. The firm has a 50-day moving average price of $212.98 and a 200 day moving average price of $215.71. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a market capitalization of $26.94 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.54 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.
Dover (NYSE:DOV – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Research analysts forecast that Dover Corporation will post 10.67 earnings per share for the current fiscal year.
Dover Increases Dividend
The company also recently announced 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. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. This is an increase from Dover’s previous quarterly dividend of $0.52. The ex-dividend date is Monday, August 31st. Dover’s dividend payout ratio (DPR) is 25.06%.
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.
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