Concurrent Investment Advisors LLC Increases Stock Position in Dover Corporation $DOV

Key Points

• Concurrent Investment Advisors increased its Dover stake by 239.5% in the second quarter, ending with 14,204 shares valued at approximately $3.19 million. Institutional investors and hedge funds collectively own 84.46% of Dover.
• Dover reported quarterly EPS of $2.74, narrowly beating estimates, while revenue rose 6.8% year over year to $2.19 billion. The company maintained fiscal 2026 EPS guidance of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, equivalent to $2.10 annually and a 1.1% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $238.29, versus a recent price of $192.70.

Concurrent Investment Advisors LLC boosted its holdings in Dover Corporation (NYSE:DOV - Free Report) by 239.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,204 shares of the industrial products company's stock after purchasing an additional 10,020 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Dover were worth $3,186,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Dover during the second quarter worth about $2,347,134,000. State Street Corp increased its position in Dover by 3.5% in the 4th quarter. State Street Corp now owns 6,760,797 shares of the industrial products company's stock valued at $1,319,978,000 after acquiring an additional 227,436 shares during the period. Geode Capital Management LLC raised its stake in Dover by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,519,070 shares of the industrial products company's stock valued at $684,348,000 after acquiring an additional 30,372 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Dover by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,030,972 shares of the industrial products company's stock valued at $631,806,000 after acquiring an additional 150,319 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Dover during the 2nd quarter worth approximately $625,375,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Stock Down 0.1%

DOV opened at $192.70 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. Dover Corporation has a 12 month low of $158.97 and a 12 month high of $237.54. The stock has a market capitalization of $25.95 billion, a P/E ratio of 23.22, a P/E/G ratio of 1.46 and a beta of 1.15. The business has a 50 day simple moving average of $206.48 and a 200-day simple moving average of $213.36.

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

Dover Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.525 dividend. 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 1.1%. The ex-dividend date is Monday, August 31st. Dover's dividend payout ratio (DPR) is 25.30%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DOV shares. Weiss Ratings lowered Dover from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 2nd. Robert W. Baird set a $270.00 price target on Dover in a report on Friday, July 24th. Wall Street Zen cut shares of Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. BMO Capital Markets upgraded shares of Dover from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Finally, Morgan Stanley raised their target price on shares of Dover from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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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