Kimelman & Baird LLC Buys Shares of 96,000 Dover Corporation $DOV

Key Points

• Kimelman & Baird LLC acquired 96,000 Dover shares worth approximately $21.5 million, representing about 0.07% of the company. Institutional investors collectively own 84.46% of Dover.
• Dover reported quarterly EPS of $2.74, slightly above analyst expectations, while revenue rose 6.8% year over year to $2.19 billion but fell short of estimates. The company guided to fiscal 2026 EPS of $10.55–$10.75.
• Dover raised its quarterly dividend to $0.525 per share, or $2.10 annually, producing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $238.29.

Kimelman & Baird LLC acquired a new position in Dover Corporation (NYSE:DOV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 96,000 shares of the industrial products company's stock, valued at approximately $21,531,000. Kimelman & Baird LLC owned approximately 0.07% of Dover at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DOV. Meeder Asset Management Inc. boosted its holdings in shares of Dover by 234.2% during 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 Dover in the 4th quarter worth approximately $26,000. MV Capital Management Inc. acquired a new stake in shares of Dover during the 4th quarter valued at $29,000. Clearstead Trust LLC acquired a new stake in shares of Dover during the 2nd quarter valued at $30,000. Finally, Financial Life Planners purchased a new position in shares of Dover during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Stock Performance

DOV opened at $198.54 on Friday. 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 company has a market cap of $26.74 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The stock has a 50-day moving average of $210.67 and a 200-day moving average of $215.13. Dover Corporation has a 52-week low of $158.97 and a 52-week high of $237.54.

Dover (NYSE:DOV - Get Free Report) last posted its 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. Dover had a return on equity of 18.32% and a net margin of 13.48%.The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the company earned $2.44 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.550-10.750 EPS. As a group, equities research analysts forecast that Dover Corporation will post 10.67 earnings per share for the current fiscal year.

Dover Increases Dividend

The business also recently disclosed 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 is Monday, August 31st. This is a positive change from Dover's previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 1.1%. Dover's dividend payout ratio is 25.06%.

Analysts Set New Price Targets

Several analysts recently issued reports on DOV shares. BMO Capital Markets upgraded Dover from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from $255.00 to $240.00 in a report on Friday, July 24th. Wolfe Research reaffirmed an "outperform" rating and issued a $262.00 target price on shares of Dover in a research report on Thursday, July 9th. Robert W. Baird set a $270.00 price target on Dover in a research note on Friday, July 24th. Morgan Stanley boosted their price target on Dover from $210.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, June 4th. Finally, Wall Street Zen downgraded Dover from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $238.29.

Dover 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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