Game Plan Financial Advisors LLC Acquires 1,560 Shares of Dover Corporation $DOV

Key Points

• Game Plan Financial Advisors LLC significantly increased its stake in Dover Corporation by 834.2%, acquiring an additional 1,560 shares during the second quarter, bringing its total holdings to 1,747 shares valued at $320,000.
• Dover's recent earnings report showed an EPS of $2.44, exceeding analysts' expectations, and its revenue rose by 5.2% year-over-year, indicating strong financial performance.
• The company also announced a quarterly dividend of $0.52 per share, reflecting a yield of 1.3% and a payout ratio of 12.55%, enhancing its attractiveness to investors.

Game Plan Financial Advisors LLC increased its position in shares of Dover Corporation (NYSE:DOV - Free Report) by 834.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,747 shares of the industrial products company's stock after purchasing an additional 1,560 shares during the quarter. Game Plan Financial Advisors LLC's holdings in Dover were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DOV. North Capital Inc. acquired a new position in Dover during the first quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dover in the first quarter valued at approximately $31,000. Truvestments Capital LLC increased its stake in shares of Dover by 1,005.9% in the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company's stock valued at $33,000 after buying an additional 171 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in shares of Dover in the second quarter valued at approximately $33,000. Finally, Costello Asset Management INC acquired a new position in shares of Dover in the first quarter valued at approximately $35,000. Institutional investors own 84.46% of the company's stock.

Dover Stock Up 0.1%

DOV stock opened at $164.75 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $22.59 billion, a PE ratio of 9.94, a PEG ratio of 1.31 and a beta of 1.26. Dover Corporation has a twelve month low of $143.04 and a twelve month high of $222.31. The stock has a 50-day simple moving average of $174.36 and a two-hundred day simple moving average of $176.17.

Dover (NYSE:DOV - Get Free Report) last posted its 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. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%.The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. On average, equities analysts predict 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 was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. This is a boost from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is presently 12.55%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DOV shares. Mizuho increased their target price on shares of Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. Wells Fargo & Company cut their price target on Dover from $195.00 to $180.00 and set an "equal weight" rating on the stock in a report on Monday. Royal Bank Of Canada increased their target price on Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Robert W. Baird increased their target price on Dover from $219.00 to $234.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $212.42.

Dover 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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