Court Place Advisors LLC increased its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 61.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,383 shares of the industrial products company's stock after buying an additional 7,766 shares during the quarter. Dover accounts for 1.2% of Court Place Advisors LLC's portfolio, making the stock its 21st biggest holding. Court Place Advisors LLC's holdings in Dover were worth $3,735,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock valued at $552,000 after purchasing an additional 1,128 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Dover by 7.0% in the 1st quarter. Park Avenue Securities LLC now owns 8,762 shares of the industrial products company's stock valued at $1,539,000 after buying an additional 570 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Dover by 45.4% during the 1st quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company's stock worth $106,000 after acquiring an additional 187 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Dover during the 1st quarter valued at about $203,000. Finally, GAMMA Investing LLC increased its stake in Dover by 104.5% in the first quarter. GAMMA Investing LLC now owns 3,205 shares of the industrial products company's stock valued at $563,000 after acquiring an additional 1,638 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.
Dover Stock Up 0.1%
Shares of NYSE:DOV opened at $164.75 on Thursday. Dover Corporation has a 12 month low of $143.04 and a 12 month high of $222.31. The company's 50-day moving average price is $174.36 and its two-hundred day moving average price is $176.17. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The firm has a market cap of $22.59 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.31 and a beta of 1.26.
Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm earned $2.36 EPS. The company's revenue was up 5.2% on a year-over-year basis. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, research analysts forecast that Dover Corporation will post 9.45 EPS for the current fiscal year.
Dover Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 29th. This is a boost from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio is currently 12.55%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on DOV shares. Mizuho lifted their price objective on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Citigroup restated a "buy" rating and set a $226.00 target price (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price target on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Royal Bank Of Canada upped their target price on shares of Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Dover in a report on Wednesday. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Dover currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.42.
View Our Latest Stock Analysis on Dover
Dover Profile
(
Free Report)
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.
See Also
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