14,624 Dover Corporation $DOV Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada significantly increased its Dover stake by acquiring 14,624 shares in the third quarter, bringing its holdings to 14,631 shares valued at approximately $2.56 million. Institutional investors collectively own 84.46% of Dover.
• Dover reported quarterly EPS of $2.74, slightly exceeding analysts’ $2.72 estimate, while revenue reached $2.19 billion and rose 6.8% year over year. The company maintained fiscal 2026 EPS guidance of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, or $2.10 annually, producing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $237.93, compared with shares recently trading near $197.

TD Waterhouse Canada Inc. lifted its stake in shares of Dover Corporation (NYSE:DOV - Free Report) by 208,914.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,631 shares of the industrial products company's stock after acquiring an additional 14,624 shares during the period. TD Waterhouse Canada Inc.'s holdings in Dover were worth $2,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True North Advisors LLC grew its holdings in shares of Dover by 2.9% in the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company's stock valued at $336,000 after purchasing an additional 45 shares during the period. Nilsine Partners LLC increased its position in Dover by 2.7% during the second quarter. Nilsine Partners LLC now owns 1,967 shares of the industrial products company's stock worth $441,000 after purchasing an additional 52 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in Dover by 1.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company's stock worth $975,000 after purchasing an additional 58 shares during the period. Root Financial Partners LLC raised its stake in Dover by 22.4% during the first quarter. Root Financial Partners LLC now owns 350 shares of the industrial products company's stock worth $73,000 after purchasing an additional 64 shares during the period. Finally, Patten Group Inc. boosted its holdings in Dover by 1.4% in the 1st quarter. Patten Group Inc. now owns 5,070 shares of the industrial products company's stock valued at $1,057,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Trading Up 0.9%

Shares of DOV stock opened at $197.11 on Wednesday. Dover Corporation has a 1-year low of $167.34 and a 1-year high of $237.54. The firm has a market cap of $26.55 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. The company has a 50-day moving average of $193.93 and a two-hundred day moving average of $207.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41.

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, beating analysts' consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, analysts predict that Dover Corporation will post 10.65 EPS for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. This is an increase from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is currently 25.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Dover from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 2nd. Wells Fargo & Company began coverage on shares of Dover in a research report on Thursday, September 24th. They set an "overweight" rating and a $229.00 price target on the stock. Robert W. Baird set a $270.00 price objective on Dover in a report on Friday, July 24th. Mizuho lowered their price objective on Dover from $270.00 to $245.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Finally, Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $237.93.

Dover Profile

Dover Corporation NYSE: DOV is a diversified manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including fluid handling, equipment manufacturing, clean energy, fueling, refrigeration, heating and cooling, printing, and vehicle service.

The company's products include pumps, compressors, controls, dispensing and fueling equipment, refrigeration systems, heat-transfer technologies, industrial machinery, vehicle lifts and service equipment, and components used in engineered industrial applications.

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