5,706 Shares in Dover Corporation $DOV Purchased by Patrick Mauro Investment Advisor INC.

Key Points

• Patrick Mauro Investment Advisor INC. purchased 5,706 shares of Dover Corporation valued at approximately $1.28 million, while institutional investors collectively own 84.46% of the stock.
• Dover reported quarterly EPS of $2.74, exceeding analysts’ $2.72 estimate, while revenue rose 6.8% year over year to $2.19 billion but fell slightly short of expectations.
• Analysts maintain a “Moderate Buy” consensus with a $238.29 average price target. Dover also raised its quarterly dividend to $0.525 per share, implying a 1.0% annual yield.

Patrick Mauro Investment Advisor INC. bought a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,706 shares of the industrial products company's stock, valued at approximately $1,280,000.

Several other institutional investors also recently added to or reduced their stakes in the business. True North Advisors LLC boosted its position 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 acquiring an additional 45 shares during the period. Orion Porfolio Solutions LLC increased its position in Dover by 0.7% during the fourth quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company's stock worth $1,472,000 after acquiring an additional 51 shares during the period. KCM Investment Advisors LLC raised its stake in Dover by 3.5% during the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company's stock valued at $309,000 after purchasing an additional 53 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in Dover by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company's stock valued at $489,000 after purchasing an additional 56 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Dover by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company's stock valued at $975,000 after purchasing an additional 58 shares during the period. 84.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

DOV has been the topic of several research reports. BMO Capital Markets upgraded shares of Dover from a "market perform" rating to an "outperform" rating and dropped their price objective for the stock from $255.00 to $240.00 in a report on Friday, July 24th. Royal Bank Of Canada reduced their target price on shares of Dover from $252.00 to $227.00 and set a "sector perform" rating for the company in a research note on Friday, July 24th. Oppenheimer boosted their price target on Dover from $242.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $229.00 price objective on shares of Dover in a research report on Friday, April 24th. Finally, Barclays boosted their price objective on Dover from $206.00 to $230.00 and gave the company an "equal weight" rating in a research report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $238.29.

Dover Stock Performance

NYSE:DOV opened at $202.29 on Thursday. The stock has a market capitalization of $27.24 billion, a P/E ratio of 24.37, a price-to-earnings-growth 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 Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The firm has a 50 day moving average of $213.36 and a 200-day moving average of $215.72.

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. Dover had a return on equity of 18.32% and a net margin of 13.48%.The business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.21 billion. During the same period in the previous year, the business posted $2.44 earnings per share. 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, sell-side analysts anticipate that Dover Corporation will post 10.67 EPS for the current fiscal year.

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.525 dividend. This is a positive change from Dover's previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 31st. Dover's dividend payout ratio (DPR) is 25.06%.

About Dover

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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