CW Advisors LLC Boosts Holdings in Dover Corporation $DOV

Key Points

• CW Advisors LLC increased its stake in Dover Corporation by 83.6% in Q1, now holding 4,469 shares valued at approximately $796,000.
• Dover has seen its price target raised by multiple analysts, with a consensus rating of "Moderate Buy" and a price target of $213.92.
• The company announced a quarterly dividend of $0.52, which will be distributed on September 15th, representing a yield of 1.1%.

CW Advisors LLC boosted its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 83.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,469 shares of the industrial products company's stock after acquiring an additional 2,035 shares during the period. CW Advisors LLC's holdings in Dover were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Financial Advisors Inc. increased its stake in Dover by 1.4% during the 1st quarter. Legacy Financial Advisors Inc. now owns 4,134 shares of the industrial products company's stock valued at $726,000 after purchasing an additional 57 shares in the last quarter. Summit Financial LLC increased its stake in Dover by 0.9% during the 1st quarter. Summit Financial LLC now owns 6,599 shares of the industrial products company's stock valued at $1,159,000 after purchasing an additional 60 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Dover by 4.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 67 shares in the last quarter. Lido Advisors LLC increased its stake in Dover by 1.4% during the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock valued at $923,000 after purchasing an additional 69 shares in the last quarter. Finally, Colonial Trust Co SC increased its stake in shares of Dover by 11.1% in the fourth quarter. Colonial Trust Co SC now owns 720 shares of the industrial products company's stock worth $135,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 84.46% of the company's stock.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research reports. Citigroup reiterated a "buy" rating and issued a $226.00 price objective (up previously from $202.00) on shares of Dover in a research note on Monday, July 14th. Mizuho increased their price objective on shares of Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Royal Bank Of Canada increased their price objective on shares of Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price objective on shares of Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, Barclays increased their price objective on shares of Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.92.

Dover Price Performance

Shares of DOV opened at $182.17 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 1.35. The stock has a market cap of $24.98 billion, a PE ratio of 10.99, a P/E/G ratio of 1.44 and a beta of 1.26. The firm has a 50-day simple moving average of $182.43 and a two-hundred day simple moving average of $180.38. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the previous year, the business posted $2.36 earnings per share. The business's quarterly revenue was up 5.2% compared to the same quarter last year. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, analysts forecast that Dover Corporation will post 9.45 EPS for the current year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.52 dividend. This is a positive change from Dover's previous quarterly dividend of $0.52. The ex-dividend date is Friday, August 29th. This represents a $2.08 annualized dividend and a yield of 1.1%. Dover's payout ratio is currently 12.42%.

Dover Profile

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.

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