Paradoxiom Capital L.P. Invests $5.47 Million in Dover Corporation $DOV

Key Points

• Paradoxiom Capital L.P. acquired 31,106 shares of Dover Corporation valued at approximately $5.47 million, making it the firm's 9th largest holding.
• Multiple hedge funds increased their positions in Dover during the fourth quarter, with Brighton Jones LLC leading with a 62.1% increase in holdings.
• Dover recently declared a quarterly dividend of $0.52 per share, resulting in an annualized dividend yield of 1.2% and a payout ratio of 12.55%.

Paradoxiom Capital L.P. acquired a new position in Dover Corporation (NYSE:DOV - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 31,106 shares of the industrial products company's stock, valued at approximately $5,465,000. Dover comprises about 3.5% of Paradoxiom Capital L.P.'s holdings, making the stock its 9th largest holding.

Several other large investors also recently bought and sold shares of DOV. North Capital Inc. purchased a new position in shares of Dover in the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in Dover in the 1st quarter valued at $31,000. Truvestments Capital LLC lifted its holdings in Dover by 1,005.9% in the 1st quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 171 shares in the last quarter. Costello Asset Management INC acquired a new stake in Dover during the 1st quarter worth $35,000. Finally, Orion Capital Management LLC acquired a new stake in Dover during the 4th quarter worth $43,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Trading Up 1.4%

NYSE:DOV traded up $2.46 on Thursday, reaching $178.10. The company's stock had a trading volume of 1,031,742 shares, compared to its average volume of 1,046,670. Dover Corporation has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a 50 day moving average price of $181.80 and a 200 day moving average price of $178.61. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a return on equity of 18.19% and a net margin of 29.29%.The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $2.36 EPS. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. On average, equities analysts anticipate that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.52 dividend. This is a positive change from Dover's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. Dover's payout ratio is presently 12.55%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DOV. Barclays boosted their price target on shares of Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Citigroup reiterated a "buy" rating and set a $226.00 price objective (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Robert W. Baird boosted their price objective on Dover from $219.00 to $234.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company raised their target price on Dover from $190.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and a consensus 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.