Pallas Capital Advisors LLC Buys New Shares in Dover Corporation $DOV

Key Points

• Pallas Capital Advisors acquired 48,276 shares of Dover, worth approximately $10.8 million, during the second quarter. Institutional investors collectively own 84.46% of the company.
• Dover reported quarterly EPS of $2.74, slightly above the $2.72 consensus estimate, while revenue rose 6.8% year over year to $2.19 billion. The company expects fiscal 2026 EPS of $10.55–$10.75.
• Dover increased its quarterly dividend from $0.52 to $0.525 per share, equivalent to a 1.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $238.29.

Pallas Capital Advisors LLC bought a new position in shares of Dover Corporation (NYSE:DOV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 48,276 shares of the industrial products company's stock, valued at approximately $10,827,000.

Several other large investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG acquired a new position in Dover in the 2nd quarter valued at approximately $108,470,000. Perigon Wealth Management LLC bought a new stake in shares of Dover during the second quarter valued at approximately $479,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Dover during the second quarter valued at approximately $287,000. Rice Hall James & Associates LLC acquired a new position in shares of Dover in the second quarter valued at $1,011,000. Finally, Trust Co. of Vermont bought a new position in Dover in the second quarter worth $1,089,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Trading Down 0.2%

Shares of DOV stock opened at $206.71 on Tuesday. The company has a market capitalization of $27.84 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.57 and a beta of 1.16. Dover Corporation has a 12-month low of $158.97 and a 12-month high of $237.54. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $213.95 and a 200 day moving average price of $215.73.

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

Dover Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.525 per share. This is a boost from Dover's previous quarterly dividend of $0.52. The ex-dividend date is Monday, August 31st. This represents a $2.10 dividend on an annualized basis and a yield of 1.0%. Dover's dividend payout ratio is currently 25.06%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DOV shares. Seaport Research Partners boosted their price target on shares of Dover from $245.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, April 28th. Robert W. Baird set a $270.00 price objective on shares of Dover in a report on Friday, July 24th. Royal Bank Of Canada decreased their target price on shares of Dover from $252.00 to $227.00 and set a "sector perform" rating on the stock in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $229.00 target price on shares of Dover in a research note on Friday, April 24th. Finally, Barclays raised their price target on shares of Dover from $206.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Corporation (NYSE:DOV - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source