Ceredex Value Advisors LLC Invests $25.55 Million in Dover Corporation $DOV

Key Points

• Ceredex Value Advisors purchased 113,900 Dover shares worth approximately $25.55 million during the second quarter, while institutional investors overall own 84.46% of the company.
• Dover reported quarterly EPS of $2.74, slightly above analyst expectations, while revenue rose 6.8% year over year to $2.19 billion. The company guided for fiscal 2026 EPS of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, representing a $2.10 annualized payout and a 1.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $238.29, versus a recent share price of $200.05.

Ceredex Value Advisors LLC purchased a new position in Dover Corporation (NYSE:DOV - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 113,900 shares of the industrial products company's stock, valued at approximately $25,545,000. Ceredex Value Advisors LLC owned about 0.08% of Dover at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True North Advisors LLC increased its position in shares of Dover by 2.9% during the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company's stock worth $336,000 after acquiring an additional 45 shares during the period. Orion Porfolio Solutions LLC increased its holdings in Dover by 0.7% during the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company's stock worth $1,472,000 after purchasing an additional 51 shares during the period. KCM Investment Advisors LLC raised its position 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 in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Dover by 2.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company's stock worth $489,000 after buying an additional 56 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of Dover by 1.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company's stock worth $975,000 after buying an additional 58 shares in the last quarter. Institutional investors own 84.46% of the company's stock.

Dover Stock Down 1.2%

Dover stock opened at $200.05 on Friday. The firm has a market cap of $26.94 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The business's 50-day moving average price is $212.98 and its 200 day moving average price is $215.71. Dover Corporation has a 52 week low of $158.97 and a 52 week high of $237.54.

Dover (NYSE:DOV - Get Free Report) last announced its 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. 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%.The business's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.44 EPS. 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 earnings per share for the current year.

Dover Increases Dividend

The business 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 annualized dividend and a yield of 1.0%. 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 25.06%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BMO Capital Markets upgraded Dover from a "market perform" rating to an "outperform" rating and cut their price target for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Seaport Research Partners boosted their price target on shares of Dover from $245.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. Oppenheimer upped their price target on shares of Dover from $242.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Dover from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and an average target price of $238.29.

Dover Company 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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