Group One Trading LLC Takes Position in Dover Corporation $DOV

Key Points

• Group One Trading acquired 5,097 shares of Dover Corporation worth approximately $1.14 million in the second quarter. Institutional investors collectively own 84.46% of Dover, with BlackRock and Bank of New York Mellon also establishing sizable positions.
• Dover exceeded quarterly earnings expectations, reporting $2.74 in EPS versus the $2.72 consensus estimate, while revenue rose 6.8% year over year to $2.19 billion. The company projects fiscal 2026 EPS of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, representing a $2.10 annualized payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $238.29.

Group One Trading LLC bought a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 5,097 shares of the industrial products company's stock, valued at approximately $1,143,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Dover during the second quarter valued at approximately $2,347,134,000. Bank of New York Mellon Corp bought a new position in shares of Dover during the 2nd quarter worth approximately $591,207,000. First Trust Advisors LP lifted its position in shares of Dover by 179.7% during the 4th quarter. First Trust Advisors LP now owns 2,509,217 shares of the industrial products company's stock worth $489,900,000 after buying an additional 1,612,159 shares during the period. Norges Bank acquired a new stake in Dover in the 4th quarter valued at $275,907,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in Dover in the fourth quarter valued at $151,473,000. Institutional investors own 84.46% of the company's stock.

Dover Stock Performance

DOV stock opened at $203.63 on Tuesday. The company has a 50 day moving average price of $212.33 and a 200 day moving average price of $215.61. Dover Corporation has a fifty-two week low of $158.97 and a fifty-two week high of $237.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. The stock has a market capitalization of $27.43 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.72 by $0.02. The company had revenue of $2.19 billion during 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%.The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $2.44 EPS. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Analysts forecast that Dover Corporation will post 10.67 EPS for the current year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 annualized dividend and a yield of 1.0%. This is an increase from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio (DPR) is presently 25.06%.

Analyst Upgrades and Downgrades

DOV has been the subject of several recent analyst reports. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Seaport Research Partners upped their target price on shares of Dover from $245.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. BMO Capital Markets upgraded shares of Dover from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $255.00 to $240.00 in a research report on Friday, July 24th. Weiss Ratings raised shares of Dover from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 4th. Finally, Morgan Stanley upped their price objective on shares of Dover from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 4th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $238.29.

Dover Company Profile

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.

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