Dover Corporation $DOV Stock Position Increased by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw increased its Dover stake by 288.6% in the third quarter, bringing its holdings to 18,192 shares valued at approximately $3.23 million. Institutional investors collectively own 84.46% of Dover’s outstanding shares.
• Analysts maintain a generally positive view of Dover, with 10 Buy ratings and five Hold ratings producing a “Moderate Buy” consensus and an average price target of $238.21.
• Dover shares recently rose 1.1% to $191.69. The company beat quarterly EPS expectations, reported 6.8% year-over-year revenue growth, and raised its quarterly dividend to $0.525 per share, equivalent to a 1.1% annual yield.

Neville Rodie & Shaw Inc. boosted its holdings in shares of Dover Corporation (NYSE:DOV - Free Report) by 288.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,192 shares of the industrial products company's stock after acquiring an additional 13,510 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Dover were worth $3,234,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Callan Family Office LLC acquired a new stake in shares of Dover during the second quarter worth $702,000. Concurrent Investment Advisors LLC raised its position in Dover by 239.5% in the second quarter. Concurrent Investment Advisors LLC now owns 14,204 shares of the industrial products company's stock valued at $3,186,000 after purchasing an additional 10,020 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Dover by 1,356.0% in the second quarter. Squarepoint Ops LLC now owns 25,989 shares of the industrial products company's stock valued at $5,829,000 after purchasing an additional 24,204 shares during the period. Hsbc Holdings PLC lifted its position in shares of Dover by 5.0% during the 2nd quarter. Hsbc Holdings PLC now owns 941,695 shares of the industrial products company's stock worth $211,269,000 after purchasing an additional 44,854 shares during the last quarter. Finally, Amundi increased its position in Dover by 36.8% during the second quarter. Amundi now owns 933,295 shares of the industrial products company's stock worth $209,319,000 after buying an additional 250,875 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DOV shares. Wells Fargo & Company assumed coverage on shares of Dover in a research report on Thursday, September 24th. They issued an "overweight" rating and a $229.00 price objective on the stock. Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. BMO Capital Markets upgraded shares of Dover from a "market perform" rating to an "outperform" rating and reduced their price target for the company from $255.00 to $240.00 in a research report on Friday, July 24th. Weiss Ratings downgraded Dover from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 2nd. Finally, Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $238.21.

Dover Stock Up 1.1%

Shares of NYSE:DOV traded up $2.00 during mid-day trading on Monday, reaching $191.69. 213,220 shares of the stock were exchanged, compared to its average volume of 1,160,402. 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 one year low of $158.97 and a one year high of $237.54. The stock's 50 day simple moving average is $197.45 and its 200-day simple moving average is $209.25. The company has a market cap of $25.82 billion, a P/E ratio of 23.09, a P/E/G ratio of 1.66 and a beta of 1.13.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $2.21 billion. During the same quarter last year, the company earned $2.44 EPS. Dover's revenue for the quarter was up 6.8% compared to the same quarter last year. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities research analysts predict that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

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

About Dover

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.

Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corporation (NYSE:DOV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.