Dover Corporation $DOV Stock Acquired by Godsey & Gibb Inc.

Key Points

• Godsey & Gibb dramatically increased its Dover stake by 38,167.3% in the third quarter, owning 172,203 shares valued at approximately $30.1 million. Institutional investors and hedge funds collectively own 84.46% of Dover.
• Dover’s latest quarterly results slightly exceeded earnings expectations, with EPS of $2.74 versus the $2.72 consensus, while revenue rose 6.8% year over year to $2.19 billion. The company guided to fiscal 2026 EPS of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $237.43, compared with a recent price of $193.41.

Godsey & Gibb Inc. increased its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 38,167.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,203 shares of the industrial products company's stock after buying an additional 171,753 shares during the period. Dover accounts for approximately 2.1% of Godsey & Gibb Inc.'s investment portfolio, making the stock its 13th biggest position. Godsey & Gibb Inc. owned approximately 0.13% of Dover worth $30,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Dover in the 2nd quarter valued at about $2,347,134,000. Bank of America Corp DE acquired a new position in shares of Dover during the 2nd quarter worth about $625,375,000. Bank of New York Mellon Corp bought a new stake in shares of Dover in the 2nd quarter valued at about $591,207,000. Hsbc Holdings PLC bought a new stake in shares of Dover in the 2nd quarter valued at about $211,269,000. Finally, Legal & General Group Plc bought a new stake in shares of Dover in the 2nd quarter valued at about $183,574,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Price Performance

NYSE:DOV opened at $193.41 on Thursday. The company has a market cap of $26.05 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.68 and a beta of 1.13. The firm's fifty day moving average price is $195.10 and its two-hundred day moving average price is $208.03. Dover Corporation has a one year low of $161.27 and a one year high of $237.54. 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 (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. Dover's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities analysts expect that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.5250 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.1%. This is an increase from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is currently 25.30%.

Wall Street Analyst Weigh In

A number of research firms recently commented on DOV. Robert W. Baird set a $270.00 price target on Dover in a report on Friday, July 24th. Royal Bank Of Canada lowered their price target on Dover from $227.00 to $216.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Wolfe Research restated an "outperform" rating and issued a $262.00 price objective on shares of Dover in a research note on Thursday, July 9th. BMO Capital Markets raised Dover from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Finally, Weiss Ratings cut Dover from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, September 2nd. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dover presently has an average rating of "Moderate Buy" and a consensus target price of $237.43.

Dover Profile

Dover Corporation is a diversified global manufacturer that develops and produces specialized equipment, components and engineered systems for industrial and commercial customers. Its businesses serve markets including industrial manufacturing, energy, transportation, food and beverage, refrigeration, and building services.

The company's products include pumps, compressors, fluid-handling equipment, fueling and dispensing systems, refrigeration and heat-transfer technologies, printing and marking equipment, and engineered components.

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