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

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its position in shares of Dover by 707.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,986 shares of the industrial products company's stock worth $349,000 after acquiring an additional 1,740 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Dover by 10.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,622 shares of the industrial products company's stock valued at $2,227,000 after buying an additional 1,160 shares in the last quarter. Farther Finance Advisors LLC increased its position in Dover by 45.4% during the 1st quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company's stock valued at $106,000 after buying an additional 187 shares in the last quarter. Heartland Bank & Trust Co bought a new position in Dover during the 1st quarter valued at approximately $739,000. Finally, Hsbc Holdings PLC increased its position in Dover by 77.9% during the 1st quarter. Hsbc Holdings PLC now owns 614,098 shares of the industrial products company's stock valued at $107,677,000 after buying an additional 268,931 shares in the last quarter. Institutional investors own 84.46% of the company's stock.

Dover Stock Up 0.8%

DOV traded up $1.32 during trading on Thursday, hitting $172.77. 831,383 shares of the company's stock traded hands, compared to its average volume of 822,640. The company's 50 day simple moving average is $180.02 and its two-hundred day simple moving average is $177.63. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 1.37 and a beta of 1.27.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.05. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%.The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. Analysts predict that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. This is a positive change from Dover's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, August 29th. Dover's payout ratio is presently 12.55%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on Dover from $190.00 to $195.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Citigroup reaffirmed a "buy" rating and set a $226.00 price objective (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Barclays raised their price objective on Dover from $185.00 to $193.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada increased their target price on Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.