EP Wealth Advisors LLC bought a new position in Dover Corporation (NYSE:DOV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,455 shares of the industrial products company's stock, valued at approximately $4,812,000.
A number of other hedge funds also recently bought and sold shares of DOV. Meeder Asset Management Inc. grew its stake in Dover by 234.2% in the fourth quarter. Meeder Asset Management Inc. now owns 127 shares of the industrial products company's stock worth $25,000 after purchasing an additional 89 shares during the period. Reflection Asset Management purchased a new position in Dover during the fourth quarter valued at $26,000. Clearstead Trust LLC bought a new stake in shares of Dover during the 2nd quarter valued at $30,000. MV Capital Management Inc. bought a new stake in shares of Dover during the 4th quarter valued at $29,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Dover in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 84.46% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Wolfe Research reaffirmed an "outperform" rating and set a $262.00 target price on shares of Dover in a research note on Thursday, July 9th. Seaport Research Partners boosted their price target on Dover from $245.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded Dover from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 4th. Robert W. Baird set a $270.00 price objective on Dover in a research report on Friday, July 24th. Finally, Wall Street Zen cut Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $238.29.
Read Our Latest Stock Analysis on Dover
Dover Stock Up 1.0%
Dover stock opened at $201.96 on Friday. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The stock has a fifty day moving average of $212.68 and a 200 day moving average of $215.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.98. The stock has a market cap of $27.20 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.
Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.02. The business had revenue of $2.19 billion for 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%. The company's 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. As a group, sell-side analysts predict that Dover Corporation will post 10.67 EPS for the current year.
Dover Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.525 per share. This is a boost from Dover's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.0%. Dover's dividend payout ratio is 25.06%.
Dover Company Profile
(
Free Report)
Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.
Dover's activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.
See Also
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Dover, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dover wasn't on the list.
While Dover currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
