Corient Private Wealth LP Makes New Investment in Dover Corporation $DOV

Key Points

• Corient Private Wealth LP purchased 57,770 Dover shares during the second quarter, valued at approximately $12.96 million. Institutional investors collectively own 84.46% of Dover’s outstanding stock.
• Dover reported quarterly earnings of $2.74 per share, slightly exceeding expectations, while revenue rose 6.8% year over year to $2.19 billion. The company reaffirmed fiscal 2026 EPS guidance of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, equivalent to a 1.1% annualized yield. Shares recently traded at $198.54, below their 50-day and 200-day moving averages, while analysts maintain a “Moderate Buy” consensus with an average $238.29 price target.

Corient Private Wealth LP purchased a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 57,770 shares of the industrial products company's stock, valued at approximately $12,957,000.

Several other hedge funds have also bought and sold shares of DOV. Bank of America Corp DE acquired a new position in shares of Dover in the 2nd quarter valued at $625,375,000. Freestone Grove Partners LP acquired a new stake in Dover during the second quarter valued at $44,136,000. Caisse de depot et placement du Quebec purchased a new position in Dover in the second quarter valued at $584,000. Man Group plc purchased a new position in Dover in the second quarter valued at $2,028,000. Finally, Jupiter Topco LLC acquired a new position in shares of Dover in the second quarter worth about $10,113,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Down 1.6%

Shares of NYSE DOV opened at $198.54 on Friday. The firm has a market cap of $26.74 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The company's 50-day simple moving average is $210.67 and its 200-day simple moving average is $215.13. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. 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 released its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share 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 the consensus estimate of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities analysts predict that Dover Corporation will post 10.67 EPS for the current fiscal 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 issued 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 1.1%. Dover's payout ratio is currently 25.06%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada dropped their target price on Dover from $252.00 to $227.00 and set a "sector perform" rating on the stock in a research report on Friday, July 24th. Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Robert W. Baird set a $270.00 price target on Dover in a research report on Friday, July 24th. Morgan Stanley raised their price objective on Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, June 4th. Finally, Weiss Ratings upgraded Dover from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $238.29.

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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