Vise Technologies Inc. acquired a new position in shares of Dover Corporation (NYSE:DOV – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,488 shares of the industrial products company’s stock, valued at approximately $782,000.
Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company’s stock worth $25,000 after buying an additional 89 shares during the period. Reflection Asset Management acquired a new stake in shares of Dover during the 4th quarter worth approximately $26,000. MV Capital Management Inc. bought a new position in shares of Dover in the 4th quarter valued at $29,000. Clearstead Trust LLC acquired a new position in Dover during the second quarter worth about $30,000. Finally, Financial Life Planners acquired a new position in Dover during the 1st quarter worth approximately $31,000. Institutional investors own 84.46% of the company’s stock.
Analyst Upgrades and Downgrades
DOV has been the topic of several recent research reports. BMO Capital Markets raised Dover from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $255.00 to $240.00 in a report on Friday, July 24th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Morgan Stanley boosted their price target on Dover from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Royal Bank Of Canada dropped their price objective on shares of Dover from $252.00 to $227.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Dover from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $238.29.
Dover Stock Performance
Shares of Dover stock opened at $201.96 on Monday. The business has a 50-day moving average price of $212.68 and a two-hundred day moving average price of $215.67. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54. 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 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.
Dover (NYSE:DOV – Get Free Report) last announced its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company earned $2.44 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, analysts anticipate that Dover Corporation will post 10.67 EPS for the current year.
Dover Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.525 per share. This is a positive change from Dover’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a dividend yield of 1.0%. Dover’s payout ratio 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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