Groupe la Francaise Takes $4.72 Million Position in Dover Corporation $DOV

Key Points

• Groupe la Francaise acquired 21,053 Dover shares during the second quarter, establishing a position valued at approximately $4.72 million. Institutional investors collectively own 84.46% of Dover’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $238.29, despite some recent downgrades and target-price reductions.
• Dover exceeded quarterly EPS expectations with $2.74 versus $2.72 projected, while revenue reached $2.19 billion and rose 6.8% year over year. The company also increased its quarterly dividend to $0.525 per share, or $2.10 annually.

Groupe la Francaise acquired a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,053 shares of the industrial products company's stock, valued at approximately $4,722,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. increased its holdings in shares of 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 stake in shares of Dover in the fourth quarter worth $26,000. MV Capital Management Inc. bought a new stake in Dover during the fourth quarter valued at $29,000. Clearstead Trust LLC purchased a new position in Dover during the second quarter worth about $30,000. Finally, Financial Life Planners bought a new position in Dover in the 1st quarter worth about $31,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DOV has been the topic of several recent analyst reports. Weiss Ratings cut Dover from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 2nd. Wall Street Zen cut shares of Dover from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Morgan Stanley raised their target price on shares of Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, June 4th. Wolfe Research reiterated an "outperform" rating and set a $262.00 target price on shares of Dover in a research report on Thursday, July 9th. Finally, BMO Capital Markets raised shares of Dover from a "market perform" rating to an "outperform" rating and cut their price target for the stock from $255.00 to $240.00 in a research note on Friday, July 24th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $238.29.

Dover Stock Performance

NYSE:DOV opened at $192.70 on Tuesday. The company has a market capitalization of $25.95 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.46 and a beta of 1.15. The business has a 50 day moving average of $206.48 and a 200 day moving average of $213.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.41. Dover Corporation has a 1-year low of $158.97 and a 1-year high of $237.54.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. The business's revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. On average, sell-side analysts predict that Dover Corporation will post 10.67 earnings per share for the current fiscal 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 given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 31st. This is a boost from Dover's previous quarterly dividend of $0.52. Dover's dividend payout ratio is 25.30%.

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.

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.