Dover Corporation $DOV Stock Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors significantly increased its Dover position by 218.7% in the third quarter, bringing its holdings to 38,320 shares worth approximately $6.84 million. Institutional investors collectively own 84.46% of Dover’s stock.
• Analysts maintain a generally positive view of Dover, with a consensus rating of “Moderate Buy” and an average price target of $238.21, despite some recent downgrades to “Hold.”
• Dover reported quarterly EPS of $2.74, slightly above estimates, while revenue rose 6.8% year over year to $2.19 billion. The company also raised its quarterly dividend to $0.525 per share, equivalent to a 1.1% annualized yield.

Farther Finance Advisors LLC lifted its position in Dover Corporation (NYSE:DOV - Free Report) by 218.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,320 shares of the industrial products company's stock after buying an additional 26,297 shares during the quarter. Farther Finance Advisors LLC's holdings in Dover were worth $6,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Callan Family Office LLC acquired a new position in shares of Dover during the 2nd quarter worth about $702,000. Concurrent Investment Advisors LLC raised its holdings in shares of Dover by 239.5% in the 2nd 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 lifted its stake in Dover by 1,356.0% in the 2nd 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 last quarter. Hsbc Holdings PLC lifted its stake in Dover by 5.0% in the 2nd quarter. Hsbc Holdings PLC now owns 941,695 shares of the industrial products company's stock valued at $211,269,000 after purchasing an additional 44,854 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in Dover in the 2nd quarter valued at about $1,340,000. 84.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DOV shares. Weiss Ratings cut Dover from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 2nd. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Wolfe Research reaffirmed an "outperform" rating and issued a $262.00 price objective on shares of Dover in a research report on Thursday, July 9th. Wells Fargo & Company began coverage on Dover in a research report on Thursday, September 24th. They issued an "overweight" rating and a $229.00 price objective for the company. Finally, Robert W. Baird set a $270.00 target price on Dover in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $238.21.

Dover Price Performance

DOV opened at $188.68 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $25.41 billion, a P/E ratio of 22.73, a PEG ratio of 1.65 and a beta of 1.13. The stock has a 50-day moving average price of $196.10 and a 200-day moving average price of $208.50. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54.

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 analysts' consensus estimates of $2.72 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.21 billion. Dover had a return on equity of 18.32% and a net margin of 13.48%. Dover's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities analysts predict that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

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

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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