Mill Creek Capital Advisors LLC Takes Position in Dover Corporation $DOV

Key Points

• Mill Creek Capital Advisors LLC acquired 3,241 shares of Dover Corporation (NYSE:DOV) in Q1, valued at approximately $569,000, indicating increased interest in the stock from institutional investors.
• Dover reported a $2.44 EPS for its last quarter, surpassing the expected $2.39, and recorded a revenue of $2.05 billion, up 5.2% year-over-year.
• Several brokerages have recently raised their price targets for Dover, with the average consensus target now at $213.92, reflecting positive analyst sentiment around the stock.

Mill Creek Capital Advisors LLC acquired a new position in shares of Dover Corporation (NYSE:DOV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,241 shares of the industrial products company's stock, valued at approximately $569,000.

Other large investors have also modified their holdings of the company. Ecofi Investissements SA increased its stake in shares of Dover by 1.1% in the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock valued at $765,000 after acquiring an additional 50 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Dover by 4.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock worth $306,000 after purchasing an additional 67 shares in the last quarter. Lido Advisors LLC raised its position in Dover by 1.4% in the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock valued at $923,000 after buying an additional 69 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of Dover by 11.1% in the fourth quarter. Colonial Trust Co SC now owns 720 shares of the industrial products company's stock valued at $135,000 after purchasing an additional 72 shares during the last quarter. Finally, Premier Path Wealth Partners LLC lifted its position in Dover by 5.5% during the 1st quarter. Premier Path Wealth Partners LLC now owns 1,538 shares of the industrial products company's stock worth $270,000 after buying an additional 80 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Up 3.0%

Dover stock traded up $5.36 during trading on Friday, hitting $182.77. 488,205 shares of the company were exchanged, compared to its average volume of 1,059,246. The company has a market capitalization of $25.06 billion, a P/E ratio of 11.03, a PEG ratio of 1.42 and a beta of 1.26. The business's 50 day moving average is $182.16 and its 200 day moving average is $180.99. Dover Corporation has a 52 week low of $143.04 and a 52 week high of $222.31. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.05. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.03 billion. Dover had a net margin of 29.29% and a return on equity of 18.19%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. Analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Dover's previous quarterly dividend of $0.52. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. Dover's dividend payout ratio (DPR) is 12.42%.

Analyst Ratings Changes

Several research firms have recently commented on DOV. Mizuho increased their price objective on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Citigroup reiterated a "buy" rating and set a $226.00 target price (up previously from $202.00) on shares of Dover in a research note on Monday, July 14th. Barclays lifted their price objective on shares of Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $213.92.

About Dover

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.