B. Metzler seel. Sohn & Co. AG purchased a new position in Dover Corporation (NYSE:DOV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,859 shares of the industrial products company's stock, valued at approximately $1,987,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOV. Meeder Asset Management Inc. increased its stake in shares of Dover by 234.2% during the 4th quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. Reflection Asset Management acquired a new stake in shares of Dover in the fourth quarter worth approximately $26,000. MV Capital Management Inc. purchased a new stake in Dover in the fourth quarter valued at approximately $29,000. Clearstead Trust LLC purchased a new stake in Dover in the second quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new position in Dover during the first quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.46% of the company's stock.
Wall Street Analysts Forecast Growth
DOV has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed an "outperform" rating and set a $262.00 price target on shares of Dover in a research note on Thursday, July 9th. Seaport Research Partners boosted their price objective on shares of Dover from $245.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded Dover from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 4th. Morgan Stanley lifted their target price on Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, June 4th. Finally, Robert W. Baird set a $270.00 price target on Dover in a research report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $238.29.
View Our Latest Analysis on DOV
Dover Price Performance
DOV stock opened at $201.96 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. Dover Corporation has a 1 year low of $158.97 and a 1 year high of $237.54. The firm has a market cap of $27.20 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The stock has a 50-day simple moving average of $212.68 and a 200-day simple moving average of $215.61.
Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%.Dover's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, equities analysts predict that Dover Corporation will post 10.67 earnings per share for the current fiscal year.
Dover Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Dover's previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.0%. Dover's dividend payout ratio is presently 25.06%.
Dover Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Dover, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dover wasn't on the list.
While Dover currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
