EP Wealth Advisors LLC Grows Holdings in Dover Corporation $DOV

Key Points

• EP Wealth Advisors LLC increased its stake in Dover Corporation by 7.0%, owning a total of 27,947 shares valued at approximately $4,910,000.
• Dover reported quarterly earnings of $2.44 per share, exceeding analysts' expectations, with a revenue of $2.05 billion, reflecting a 5.2% year-over-year increase.
• The company declared a quarterly dividend of $0.52, representing a total annual yield of 1.2%, scheduled to be paid on September 15th.

EP Wealth Advisors LLC boosted its holdings in Dover Corporation (NYSE:DOV - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,947 shares of the industrial products company's stock after buying an additional 1,820 shares during the quarter. EP Wealth Advisors LLC's holdings in Dover were worth $4,910,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. North Capital Inc. bought a new stake in Dover during the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dover in the first quarter valued at approximately $31,000. Truvestments Capital LLC lifted its holdings in Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company's stock worth $33,000 after buying an additional 171 shares during the period. Costello Asset Management INC purchased a new stake in shares of Dover during the 1st quarter valued at $35,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Dover during the 4th quarter valued at $43,000. Institutional investors own 84.46% of the company's stock.

Dover Stock Down 1.9%

Shares of NYSE:DOV traded down $3.35 during trading on Tuesday, hitting $174.65. The company's stock had a trading volume of 131,031 shares, compared to its average volume of 1,043,981. 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 business has a 50 day moving average price of $182.28 and a two-hundred day moving average price of $178.66. The company has a market capitalization of $23.95 billion, a PE ratio of 10.53, a P/E/G ratio of 1.42 and a beta of 1.27. 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 announced its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.05. Dover had a net margin of 29.29% and a return on equity of 18.19%. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the company earned $2.36 earnings per share. Dover's quarterly revenue was up 5.2% compared to the same quarter last year. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, research analysts expect that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, August 29th. This is an increase from Dover's previous quarterly dividend of $0.52. This represents a $2.08 annualized dividend and a yield of 1.2%. Dover's dividend payout ratio (DPR) is currently 12.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price target on Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Mizuho increased their price target on Dover from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, June 13th. Royal Bank Of Canada increased their price target on Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. increased their price target on Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Robert W. Baird increased their price target on Dover from $219.00 to $234.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Dover has an average rating of "Moderate Buy" and a consensus price target of $213.92.

About Dover

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.