Sivia Capital Partners LLC Makes New Investment in Dover Corporation $DOV

Key Points

• Sivia Capital Partners LLC invested approximately $488,000 in Dover Corporation, acquiring 2,665 shares, indicating growing institutional interest in the company.
• Analysts have raised their price targets for Dover, with Citigroup setting the highest at $226.00, reflecting a generally positive outlook on the stock.
• Dover reported a quarterly earnings per share of $2.44, exceeding estimates, along with a year-over-year revenue increase of 5.2%, showcasing strong financial performance.

Sivia Capital Partners LLC purchased a new stake in shares of Dover Corporation (NYSE:DOV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,665 shares of the industrial products company's stock, valued at approximately $488,000.

A number of other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Dover by 62.1% in the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company's stock valued at $552,000 after acquiring an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Dover by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,701 shares of the industrial products company's stock valued at $2,570,000 after acquiring an additional 533 shares during the last quarter. Royal Bank of Canada boosted its holdings in Dover by 60.8% during the fourth quarter. Royal Bank of Canada now owns 357,162 shares of the industrial products company's stock worth $67,004,000 after buying an additional 135,049 shares in the last quarter. State of Wyoming boosted its holdings in Dover by 140.6% during the fourth quarter. State of Wyoming now owns 2,269 shares of the industrial products company's stock worth $426,000 after buying an additional 1,326 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new stake in Dover during the fourth quarter worth $323,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Dover from $185.00 to $193.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Mizuho increased their price objective on shares of Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, June 13th. Royal Bank Of Canada increased their price objective on shares of Dover from $203.00 to $206.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Citigroup reaffirmed a "buy" rating and set a $226.00 price objective (up from $202.00) on shares of Dover in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dover from $211.00 to $217.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.92.

Dover Stock Down 0.9%

Shares of DOV stock traded down $1.54 during mid-day trading on Friday, reaching $171.26. 1,492,689 shares of the company were exchanged, compared to its average volume of 822,115. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. The company has a market capitalization of $23.49 billion, a P/E ratio of 10.33, a P/E/G ratio of 1.36 and a beta of 1.27. The business's 50 day simple moving average is $179.67 and its 200 day simple moving average is $177.45.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The industrial products company reported $2.44 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 net margin of 29.29% and a return on equity of 18.19%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.36 earnings per share. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. Research analysts predict that Dover Corporation will post 9.45 earnings per share for the current year.

Dover Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.52 dividend. The ex-dividend date was 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 yield of 1.2%. Dover's dividend payout ratio (DPR) is 12.55%.

Dover Profile

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.