Integrity Alliance LLC. Takes $332,000 Position in Dover Corporation $DOV

Key Points

• Integrity Alliance LLC acquired 1,890 shares of Dover Corporation, valued at approximately $332,000, during the 1st quarter.
• Dover reported $2.44 earnings per share for the last quarter, exceeding analysts' expectations, and plans to pay a quarterly dividend of $0.52 per share.
• Analysts have generally rated Dover stock as a "Moderate Buy"** with a consensus price target of $213.92.

Integrity Alliance LLC. bought a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,890 shares of the industrial products company's stock, valued at approximately $332,000.

Other hedge funds have also made changes to their positions in the company. North Capital Inc. acquired a new position in shares of Dover during the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dover during the first quarter valued at approximately $31,000. Truvestments Capital LLC raised 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 last quarter. Costello Asset Management INC acquired a new position in shares of Dover during the first quarter valued at approximately $35,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Dover during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Trading Down 0.5%

DOV traded down $0.92 during trading on Monday, hitting $172.06. The company's stock had a trading volume of 742,859 shares, compared to its average volume of 842,911. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The firm's 50 day moving average price is $181.03 and its 200-day moving average price is $177.85. The stock has a market cap of $23.59 billion, a PE ratio of 10.38, a PEG ratio of 1.38 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35.

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

Dover Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.2%. This is a positive change from Dover's previous quarterly dividend of $0.52. The ex-dividend date is Friday, August 29th. Dover's dividend payout ratio (DPR) is currently 12.55%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several recent research reports. Barclays increased their price target on Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Royal Bank Of Canada increased their price target on Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Robert W. Baird increased their price target on Dover from $219.00 to $234.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Mizuho increased their price target on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $213.92.

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.