HighTower Advisors LLC Increases Stock Holdings in Dover Corporation $DOV

Key Points

• HighTower Advisors increased its Dover stake by 33.7% in the second quarter, bringing its holdings to 230,907 shares worth approximately $51.8 million. Institutional investors and hedge funds collectively own 84.46% of Dover.
• Dover reported quarterly EPS of $2.74, narrowly beating estimates, while revenue rose 6.8% year over year to $2.19 billion. The company maintained full-year 2026 EPS guidance of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, representing an annualized dividend of $2.10 and a 1.1% yield. Analysts have a “Moderate Buy” consensus rating and an average price target of $238.29.

HighTower Advisors LLC grew its stake in Dover Corporation (NYSE:DOV - Free Report) by 33.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,907 shares of the industrial products company's stock after purchasing an additional 58,145 shares during the period. HighTower Advisors LLC owned approximately 0.17% of Dover worth $51,788,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. True North Advisors LLC lifted its stake in shares of Dover by 2.9% during the first quarter. True North Advisors LLC now owns 1,610 shares of the industrial products company's stock valued at $336,000 after buying an additional 45 shares during the period. Orion Porfolio Solutions LLC grew its stake in Dover by 0.7% in the 4th quarter. Orion Porfolio Solutions LLC now owns 7,542 shares of the industrial products company's stock worth $1,472,000 after acquiring an additional 51 shares during the period. Nilsine Partners LLC raised its holdings in Dover by 2.7% in the 2nd quarter. Nilsine Partners LLC now owns 1,967 shares of the industrial products company's stock valued at $441,000 after acquiring an additional 52 shares during the last quarter. KCM Investment Advisors LLC lifted its stake in shares of Dover by 3.5% during the 4th quarter. KCM Investment Advisors LLC now owns 1,585 shares of the industrial products company's stock worth $309,000 after purchasing an additional 53 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Dover by 2.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 2,506 shares of the industrial products company's stock worth $489,000 after purchasing an additional 56 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Down 0.1%

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

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, beating the consensus estimate of $2.72 by $0.02. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. Dover had a net margin of 13.48% and a return on equity of 18.32%. Dover's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.44 earnings per share. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. Equities analysts forecast that Dover Corporation will post 10.67 earnings per share for the current year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Dover's previous quarterly dividend of $0.52. Dover's payout ratio is 25.30%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DOV. Morgan Stanley lifted their price objective on Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of Dover from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. BMO Capital Markets raised shares of Dover from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $255.00 to $240.00 in a research note on Friday, July 24th. Finally, Royal Bank Of Canada dropped their price objective on Dover from $252.00 to $227.00 and set a "sector perform" rating for the company in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $238.29.

About Dover

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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