5,975 Shares in Dover Corporation $DOV Bought by AXQ Capital LP

Key Points

• AXQ Capital LP acquired 5,975 shares of Dover Corporation during the second quarter, valued at approximately $1.34 million. Institutional investors and hedge funds collectively own 84.46% of Dover’s stock.
• Analyst sentiment remains positive overall, with Dover holding a consensus “Moderate Buy” rating and an average price target of $238.29, despite some recent rating downgrades and target-price reductions.
• Dover reported quarterly EPS of $2.74, slightly exceeding estimates, while revenue rose 6.8% year over year to $2.19 billion. The company also raised its quarterly dividend to $0.525 per share, equivalent to a 1.1% annual yield.

AXQ Capital LP acquired a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,975 shares of the industrial products company's stock, valued at approximately $1,340,000.

Several other institutional investors have also modified their holdings of DOV. Meeder Asset Management Inc. lifted its stake in Dover by 234.2% in the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company's stock valued at $25,000 after buying an additional 89 shares in the last quarter. Reflection Asset Management purchased a new stake in Dover during the 4th quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in shares of Dover during the second quarter valued at approximately $30,000. MV Capital Management Inc. acquired a new position in shares of Dover during the fourth quarter valued at approximately $29,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Dover in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Wolfe Research restated an "outperform" rating and issued a $262.00 price objective on shares of Dover in a report on Thursday, July 9th. BMO Capital Markets raised shares of Dover from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Weiss Ratings cut shares of Dover from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday. Finally, Robert W. Baird set a $270.00 price target on shares of Dover in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.29.

Dover Stock Performance

NYSE DOV opened at $192.70 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The stock's fifty day moving average is $207.11 and its two-hundred day moving average is $213.77. The firm has a market capitalization of $25.95 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.15. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.72 by $0.02. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, research analysts anticipate that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. This is a boost from Dover's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. Dover's payout ratio is presently 25.30%.

Dover 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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