Eisler Capital Management Ltd. Buys Shares of 56,876 Dover Corporation $DOV

Key Points

• Eisler Capital Management Ltd. has acquired a new stake of 56,876 shares in Dover Corporation, valued at approximately $9,989,000.
• Analyst ratings for Dover indicate a general confidence in the stock, with several firms raising their price targets, resulting in a consensus rating of "Moderate Buy" with an average target price of $213.92.
• Dover has announced a quarterly dividend of $0.52 per share, representing a 1.1% dividend yield, and has set its FY 2025 earnings guidance at $9.350-9.550 EPS.

Eisler Capital Management Ltd. bought a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 56,876 shares of the industrial products company's stock, valued at approximately $9,989,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Legacy Financial Advisors Inc. raised 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 buying an additional 57 shares during the last quarter. Summit Financial LLC raised 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 buying an additional 60 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Dover by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock worth $306,000 after purchasing an additional 67 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Dover by 1.4% in the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock worth $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 4th quarter. Colonial Trust Co SC now owns 720 shares of the industrial products company's stock worth $135,000 after purchasing an additional 72 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOV has been the subject of several analyst reports. Barclays upped their price objective on Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Mizuho upped their price objective on Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Citigroup restated a "buy" rating and issued a $226.00 price objective (up from $202.00) on shares of Dover in a research note on Monday, July 14th. Wells Fargo & Company upped their price objective on Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Dover presently has a consensus rating of "Moderate Buy" and an average target price of $213.92.

Dover Trading Up 0.9%

Shares of Dover stock opened at $182.17 on Wednesday. The company has a market capitalization of $24.98 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.44 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. The company has a fifty day moving average of $182.43 and a 200 day moving average of $180.38. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $2.36 EPS. The business's revenue was up 5.2% on a year-over-year basis. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. On average, sell-side analysts anticipate that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.52 per share. This is a boost from Dover's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. Dover's payout ratio is currently 12.55%.

Dover Company 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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