Diamond Hill Capital Management LLC Investment Advisor Acquires New Shares in Dover Corporation $DOV

Key Points

• Diamond Hill Capital Management acquired 506,103 Dover shares worth approximately $113.5 million during the second quarter, giving it a 0.38% stake. Institutional investors collectively own 84.46% of Dover.
• Dover reported quarterly EPS of $2.74, slightly exceeding expectations, while revenue rose 6.8% year over year to $2.19 billion. The company issued fiscal 2026 EPS guidance of $10.55 to $10.75.
• Dover raised its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $238.29.

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Dover Corporation (NYSE:DOV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 506,103 shares of the industrial products company's stock, valued at approximately $113,509,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.38% of Dover as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. True North Advisors LLC boosted its position in shares of Dover by 2.9% in the 1st quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company's stock worth $336,000 after buying an additional 45 shares in the last quarter. 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 valued at $1,472,000 after acquiring an additional 51 shares in the last quarter. KCM Investment Advisors LLC raised its position in Dover by 3.5% during the fourth quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company's stock worth $309,000 after acquiring an additional 53 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Dover by 2.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company's stock valued at $489,000 after purchasing an additional 56 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of Dover by 1.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 4,678 shares of the industrial products company's stock valued at $975,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Up 0.0%

DOV stock opened at $207.08 on Monday. The stock has a market capitalization of $27.89 billion, a P/E ratio of 24.95, a PEG ratio of 1.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The company has a 50 day moving average price of $214.14 and a two-hundred day moving average price of $215.74.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.02. Dover had a return on equity of 18.32% and a net margin of 13.48%.The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the firm posted $2.44 EPS. Dover's revenue was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, sell-side analysts expect that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given 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 is Monday, August 31st. Dover's dividend payout ratio (DPR) is currently 25.06%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DOV shares. Citigroup reissued a "buy" rating on shares of Dover in a research note on Friday, April 24th. Weiss Ratings raised Dover from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 4th. Seaport Research Partners increased their target price on Dover from $245.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $229.00 price target on shares of Dover in a research report on Friday, April 24th. Finally, Royal Bank Of Canada cut their price target on Dover from $252.00 to $227.00 and set a "sector perform" rating for the company in a report on Friday, July 24th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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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